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Barchart
Barchart
Mark R. Hake, CFA

Adobe Stock Has 20% Upside Based on Its Free Cash Flow and FCF Margins

Adobe Inc (ADBE) generated strong free cash flow (FCF) and FCF margins in its latest quarterly report. Even after Friday's huge runup, ADBE stock still has a 22% upside over the next year. Shorting OTM puts could be a good play here.

ADBE rose 14.5% to $525.31 on Friday, June 14, after the company released its fiscal Q2 earnings on June 13. However, ADBE stock could have at least a 22% upside over the next year to $640 per share. 

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