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.

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