Adobe (ADBE) Price Hike Ahead Of Earnings, Stock Up 63% YTD

Adobe (ADBE) stock got a price hike from Wells Fargo which raised its price target to $625 from $600 and maintains its overweight rating. ADBE is up 63% year-to-date. ADBE reports earnings on Thursday, postmarket. Its adjusted EPS is estimated at $3.97, and its revenue is estimated at $4.85B. George Tsilis discusses ADBE and what investors should be aware of in the stock. He then demonstrates an example trade using ADBE. The trade type is an iron condor, and the direction is neutral. Tune in to find out more about the stock market today.