Cramer urges caution on Adobe ahead of earnings, citing high expectations

Cramer says wait to buy Adobe until after it reports earnings on Thursday
Adobe shares up 11.5% since Aug 18 close, analysts hiking price targets
Cramer warns no wiggle room if Adobe doesn't deliver stellar results
Similar setup to Oracle, which fell 12% after mixed results despite optimism
Adobe seen as top AI software player, but stock up 67% in 2023 amid high hopes

cnbc.com

Relevant topic timeline:

8/21/2023

Adobe: Ahead Of The Competition (NASDAQ:ADBE)

Main financial assets discussed: 1. Adobe Inc. stock (NASDAQGS: ADBE) Top 3 key points: 1. Adobe dominates the creative industries with a strong market share and brand recognition. Its subscription-based licensing system and multi-software subscription service create barriers for competitors. 2. Adobe is implementing innovative developments, particularly in artificial intelligence (AI), which allows users to generate branded content more efficiently. This integration of AI is expected to drive growth. 3. Adobe has shown consistent financial strength, with double-digit revenue growth rates and strong profitability metrics. The company's financial success and innovative history position it well for future growth. Recommended actions: Buy or Hold Based on the information provided, it is recommended to **buy or hold** Adobe Inc. stock. The article emphasizes the company's dominance in the market, its ability to innovate and integrate AI, and its strong financial performance. The author also mentions that other analysts give a "buy" or "strong buy" rating to the stock. However, the specific action to take (buy or hold) would depend on individual investment strategies and goals.

8/28/2023

Is Adobe A Generative AI Winner Or Loser? A Critical Analysis (NASDAQ:ADBE)

Adobe's strong performance and integration of generative AI in its products have led to high valuations for the stock, but there are concerns that competitors may narrow the gap and reduce its advantage. While near-term growth is expected, the rich valuations may limit strong returns relative to the broader market index, leading to a neutral rating for the stock.

9/1/2023

1 Unstoppable Artificial Intelligence (AI) Stock That Could Join the Trillion-Dollar Club

Adobe's stock has surged 60% in 2023 due to strong financial results and increased investor interest in its integration of artificial intelligence (AI) across its offerings, positioning the company well to tap into the rapidly growing market for AI-focused digital content creation.

9/15/2023

Adobe Stock Falls Despite Strong Earnings Beat

Adobe reported better-than-expected earnings and guidance, fueled by the success of its artificial intelligence technology, but the stock is still falling.

9/29/2023

Cramer: Don't Trade on Earnings Expectations - Wait for Results

Investors should not make major stock moves based on quarterly earnings expectations, but instead wait until after the report to assess and then make a judgment, according to CNBC's Jim Cramer.

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Posted 9/12/2023, 3:10:35 PM