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

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.

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Adobe Stock Forecast: Tech Giant Beats Expectation Boosting Price 28%

NicoleThis Adobe stock forecast article was written by Nicole Shammay – Analyst at I Know First.

Summary:

  • Adobe's Q2 results beat estimates up 23% from the year-ago quarter
  • Hedge funds piled into Adobe's stock and experienced a return of 13.9%   
  • DCF support around $735, a 28% upside for the Adobe stock forecast on a one-year horizon

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Adobe Stock Price Forecast: Why Adobe Stock Deserves A Price Target of $600

motek 1The ABDE 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

  • Cloud-only neural or AI-based editing features will significantly boost Adobe’s Creative Cloud business. This catalyst is why I have a 1-year PT of $600 for ADBE.
  • Many pirated users of Photoshop, Illustrator, Premiere, After Effects, and Animate will be compelled to subscribe. Cloud-based AI-editing accelerate creative workflows.
  • The still-growing $8.72 ARR of Creative Cloud is why Adobe can afford to do additional $15 billion in share buybacks.
  • Adobe Sensei made ADBE a great long-term bet on the growing global AI software industry.
  • Adobe’s quick release of desktop ARM-compatible versions of its legacy x86 flagship products also protects its Creative Cloud business.

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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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