If Adobe can continue to add 300 million in ARR a quarter, Adobe should hit $150 a share in 2017 anything higher and they will hit $200
Adobe is also a lot more profitable than any analyst predicted, Dougherty & Co.’s Robert Mattson predicted 68 cents on 1.42 billion in revenues, ADBE did 71 cents on 1.4 billion. Revenue short fall was only 400k, hopefully they can fix this next quarter with a beat with extra marketing since profits are exploding.
this is new metrics investors should be focusing on, projections were for 275 million so beat by 10 million. Wish revenues were a little higher but there was a lot of great numbers reported tonight.
I was wondering where all the cash they had raised though sales went, well now it is on the balance sheet and LITB has a decade to figure out how to grow sales at current cash burn, Would love to see them turn a profit and get sales growing by the end of the year. This is still a company that could become huge.
OK it is time to gloat, this stock is a beast!
What is funny is I sold 1/4 position last year at $95 and when you morons were selling was able to buy back at $73, worked out pretty well for me. Looks like if Adobe could get one quarter this year where subs hit over a million, Adobe would go to $150. That is your risk
lol you idiots were so confident, now you are homeless:)