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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Adobe Stock Price Forecast: Buy More ADBE Shares, Price Could Again Reach $380

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 correctly predicted last February that Adobe’s stock deserved a 30-day price target of $380.
  • I’m again endorsing ADBE as a buy because the stock is a bargain buy whenever it trades below $330.
  • The pandemic quarantines around the world is not a debilitating headwind for a SaaS company like Adobe.
  • The pricey subscription of the CorelDraw 2020 Graphics Suite is a small but important tailwind for Creative Cloud.
  • Adobe is aggressively monetizing on the iPad. The Photoshop for iPad is now bundled with Fresco for $10/month.

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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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Adobe Stock Forecast: Onwards and Upwards

This article was written by Talia Shakhnovsky, a Financial Analyst at I Know First.

Summary

  • Current fears of economic turbulence may be troublesome for the technology stock sector.
  • Within the software industry, Adobe is a leader in both revenue growth and earnings growth.
  • Adobe’s new applications, acquisitions of Magento and Marketo, and initiatives to broaden its consumer base are already causing further growth.
  • Adobe’s financial statement supports a long-term bullish outlook, with a potential share-price of $325 in one year’s time.

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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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Apple Stock Prediction (NASDAQ: AAPL): Apple’s iPad Sales Is Getting A Boost From 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:

  • Adobe is working on releasing a full version of Photoshop for the iPad next year.
  • This should help boost sales of Apple’s iPad and iPad Pro products. The iPad business is still a massive $4.74 billion/quarter for Apple.
  • The introduction of iPad Pro has helped Apple remain the leader in tablet sales. Adobe making the iPad more useful is very important development.
  • Aside from increased iPad hardware sales, Apple can profit from its 30%/15% cut from the $9.99/month subscription fee of Adobe Photoshop.
  • The one-year algorithmic market trend forecast for AAPL is very bullish. This stock still deserves a buy.

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Google Stock Forecast: Why Google Should Compete More With Adobe In SaaS

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

Google Stock Forecast: Google vs. Adobe in SaaS

Summary:

  • Formerly just a software developer of creative/design/content creation software, Adobe has branched out to digital marketing/advertising.
  • Adobe is now encroaching on the digital advertising business of Google. It’s time Google lashes back and start competing with Creative Cloud.
  • Google bought photography-related software companies Picasa and Nik Software. It is time Google buys rival software developers that can compete with Adobe Creative Cloud.
  • Buying creative/design software products and making them subscription-only could help Google compete better in Software-as-a-Service. G Suite is not enough anymore for Google to take the lead in SaaS.
  • Google’s current inability to do better in enterprise SaaS is maybe why I Know First has negative algorithmic forecasts for its stock.

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