Adobe Inc. reported strong Q4 revenue, up 10% YoY, with an 8.8% increase in free cash flow. The stock closed at $350.43, up 2.30%, with a potential 21% upside to $425 per share. Analysts project a 19% revenue increase over two years, which could lead to a $180.3 billion market value. Analysts set price targets around $436.19, $461.84, and $403.00 per share. Shorting out-of-the-money ADBE puts could provide an immediate 1.866% yield and a potentially lower buy-in point. This strategy could result in an expected return of 5.60% over three months.

Read more at Barchart: Adobe Impresses the Market With Strong Free Cash Flow