Will Adobe Be a $1 Trillion Stock by 2030?

Thanks to artificial intelligence (AI), software giant Adobe (NASDAQ: ADBE) has been on a tear. The stock is up by more than 60% since the beginning of the year as investors have taken a greater interest in its AI-driven applications.

The increase has taken Adobe's market capitalization to around $240 billion. Still, the question for investors is whether that market cap can reach $1 trillion by 2030, seven years from now. Let's examine that path to growth for some insights into Adobe's prospects for reaching this goal.

At $240 billion, Adobe's market cap has to double slightly more than twice for it to reach $1 trillion. Over seven years, achieving that feat means the stock price needs to rise at a 23% average annual growth rate during that time.

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Source Fool.com