Adobe Is Up More than 30%. Can It Sustain This Momentum?
Adobe Systems' (NASDAQ: ADBE) shares have risen more than 34% year-to-date and 68% over the past 24 months, and its strong outlook seems to indicate more success ahead. The company offers a variety of Software-as-a-Service solutions designed to help content creators and e-commerce companies.
Its portfolio includes well-known products such as Photoshop, Reader, Acrobat, and Illustrator, along with other software products for video editing, design and prototyping, website user-experience management tools, marketing, and analytics. These services are increasingly being delivered on a cloud platform, which is proving to be extremely popular among customers.
Adobe is well-positioned to capitalize on numerous macro trends as a leading solutions provider for content creators and e-commerce vendors. Ubiquitous connectivity, demand for video content, and rising sophistication in content marketing are all indicative of a growing addressable market for Adobe's software. The proliferation of small businesses and side-hustles with online distribution channels is similarly a massive trend that should keep Adobe's services in demand.
Source Fool.com
