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