Shares of Adobe (ADBE) have been sinking lower alongside most other high-tech stocks with high multiples. With an earnings miss behind it and a now lower bar, the stock looks quite compelling near $430 per share. Indeed, Adobe's quarterly results were not pretty. With rates on the 10-year note flirting with 3%, there are many reasons to sell now and ask questions later. Despite having the tides turned so heavily against it, there are reasons to give the creative software developer the benefit of the doubt. It has a great product and a moat that's quite sizeable.
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Adobe (NASDAQ:ADBE)
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