ADBE has recent pulled back to the levels where it becomes a buy and strong buy. Fundamentally the stock is valued at 650-700 levels, hence the majority of analysts median is at 640-650.Technical analysis shows that we are at important fib-level with 475 being a strong support level.
We may observe a rapid upside by next earnings, which was the case in previous 30-45 days pre-earning period.
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