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