Adobe Stock Forecast: A Financial Titan in the Software Sector 

October 15, 2023
Zheman ZhongThis Adobe Stock Forecast article was written by Zheman Zhong – Financial Analyst at I Know First.

Summary

  • Adobe's Financial Dominance: Adobe's revenue surged from $9.03 billion in 2018 to around $18.89 billion in the trailing twelve months, outperforming many in the software industry.
  • Firefly Generative AI Models: Adobe introduced Firefly, a cutting-edge generative AI tool, integrated into key platforms and promising a fresh revenue model through "Generative Credits".
  • Stock Performance and Dynamics: Over the year, Adobe's stock trended upward, though it experienced a dip in September, possibly linked to the Firefly AI Models' introduction.
  • Superiority in the Software Industry: Benchmarking against its peers, Adobe consistently showcases stellar financial metrics, cementing its leadership in the sector.

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here
Premium Articles

Adobe Stock Forecast: Why Adobe Deserves A Price Target Of $730

September 2, 2021

motek 1The Adobe stock forecast was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • Adobe’s stock has risen +36.7% since my December 15, 2020 buy recommendation. Adobe’s stock is now trading above my old PT of $600.
  • I am still endorsing ADBE as a buy because it is clearly a momentum stock that’s been rising for the past 9 months. My new PT for ADBE is $730.
  • Adobe still persists as a pseudo-monopoly in 2D content creation software. The recent release of the $49.99 Substance 3D Collection is a promising growth driver
  • Adding 3D content creation software to its Creative Cloud subscription service is commendable. The 2D/3D graphics software industry is growing at 5.2% CAGR.
  • Adobe’s stock touts the highest Piotroski score of 9. The Piotroski Score is a priority barometer in my investing analysis.

New forecasting serviceRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here
Premium Articles