3 Green Flags for Adobe's Future
There is a lot of excitement around (NASDAQ: ADBE) stock right now. The software specialist is trouncing the market in 2023 and its returns are topping other successful tech giants, including Microsoft (NASDAQ: MSFT).
Some of that rally can be pinned on the broader market surge that's sent the Nasdaq Composite index higher by 26% through late September. But Adobe is also having a great sales year. Its growth potential seems strong, too, even as the company targets higher profits ahead.
Here are three green flags pointing toward further growth for Adobe going forward.
Source Fool.com
Adobe Inc. Stock
€519.60
1.090%
The stock is one of the favorites of our community with 60 Buy predictions and 2 Sell predictions.
With a target price of 588 € there is a slightly positive potential of 13.16% for Adobe Inc. compared to the current price of 519.6 €.
