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3 Reasons I Bought Adobe Stock

TheMotleyFool

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When it comes to creative software, Adobe (NASDAQ: ADBE) is the 800-pound gorilla that no other company truly rivals. The company is most well known for its creative suite subscription bundle, which includes popular media editing applications such as Photoshop, Illustrator, and After Effects. However, in recent years, the company has successfully expanded into marketing software and cloud collaboration tools.

Adobe stock has performed extremely well in recent years, and despite the run, there continue to be reasons to be bullish. Here are the top three reasons I own this stock for the long term and continue to buy it on dips.