Adobe Stock Price Forecast: It Is Time To Take Your Profits On Adobe

motek 1The article 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

  • I suggested last June 14 that Adobe’s stock deserved a price target of $438. ADBE went as high as $470.61 over the last 30 days.
  • ADBE’s price has recently been on the down trend. It is now trading at below $445. It’s high time we take our profits.
  • Let us wait for ADBE to trade below $400 before we make another buy-in.
  • There’s still no finite vaccine timetable against COVID-19. The United States and India are seeing rapid rise in pandemic infections.
  • Investors are nervy. It is better to cash out our profits on high-flying stocks like ADBE, TSLA, and AMZN. The market is turning pessimistic again.

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Adobe Share Price Forecast: ADBE Deserves A Price Target Of $438

motek 1The article 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

  • I concluded last April 23 that Adobe’s stock deserved a 90-day price target of $380.
  • ADBE is now trading above $405. You take your profits now.
  • You may also hold on to your Adobe position. This SaaS company is pandemic-resistant. 
  • My fearless forecast is that ADBE can zoom up to $430 before 2020 ends.

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ADBE Stock Prediction: Why Adobe Deserves A Price Target Of $350

motek 1This article 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:

  • The average 12-month price target for Adobe’s stock is only $317.42.
  • I am more optimistic on Adobe. I have a price target of $350 for its stock. Adobe’s Sensei Artificial Intelligence platform is reinvigorating the global creative industry.
  • Content is king especially now that most people are internet-dependent. Consequently, Adobe Sensei helping creative professionals produce content faster makes Adobe a worthy investment.
  • Creative Cloud subscription fees is Adobe’s biggest revenue and net income generator.
  • More customers will rely on Creative Cloud software programs now that they come with Artificial Intelligence features.

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ADBE Stock Predictions: I Know First Stock Forecasts Evaluation Report

Adobe Stock Predictions Executive Summary

In this forecast evaluation report, we examine the performance of the stock market predictions generated by the I Know First AI Algorithm for ADBE stock with time horizons ranging from 3 days to 3 months, which were delivered daily to our clients. Our analysis covers the time period from 1 January 2019 to 13 August 2019. Below, we present our key takeaways for checking hit ratios of our ADBE predictions in the stock market.

Highlights:

  • 86% Hit Ratio for 3-months time period for ADBE predictions allowing our clients to be able to invest their money with significant less risk
  • Predictions consistently hit above 52% accuracy despite volatile market conditions

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Adobe Stock Forecast: Artificial Intelligence Is Boosting Adoption of Adobe’s Software Products

motek 1The article 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:

  • Creative Cloud subscriptions is Adobe’s core revenue and net income growth driver.
  • Management team is brilliant too. They offer regular promotional offers of discounted monthly subscription fees for Creative Cloud.
  • It also important that Adobe Sensei’s cloud artificial platform is successfully helping Creative Cloud software users perform their tasks faster.
  • AI helping improve the production rate of content creators, graphic artists, video editors, special FX compositors, and animators fortifies the loyalty of Adobe’s customers.
  • Increasing the number of loyal Creative Cloud paying customers ultimately helps Adobe remain a strong growth stock.

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ADBE Stock Price: Adobe Can Keep Its Software Rivals At Bay

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

  • Adobe is facing increasing challenge from Serif’s Affinity Photo and Affinity Designer software.
  • Serif’s old plan was to keep Affinity Photo and Affinity Designer exclusive to the Mac platform.
  • However, Serif recently announced that it is now working on releasing the Windows versions of Affinity Photo and Designer.
  • It is, therefore, good that Adobe has made important upgrades to Illustrator CC. Adobe’s $19.99/month vector illustration software is vulnerable to Affinity Designer.
  • Adobe is still a worthy investment for long-term investors.
  • I Know First is currently bullish on the ADBE stock movement

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