Adobe (ADBE) Stock Analysis - NEW $15B Buyback!! Time To Buy Adobe Stock Now?
The Investor Channel
Published at : 11 Dec 2020
On today's video we take a look at #Adobe #ADBE #Stock, which reported Q4 earnings - and FY 2020 - today before the stock market opened. In general the earnings report was positive, including what we've come to love about Adobe stock - high margins and profit. The company announced a new $15B buyback, that pairs with an $8B buyback expected to be exhausted by the first half of 2021. Considering the company. has about $6B in cash - it appears that Adobe will be using large portions of it's cash flows to fund the buyback in the coming years. Finally we take a look at the stock chart and see if there are some levels where Adobe stock makes sense to buy.