Is Adobe Stock a Buy?
It's been a great five-year run for creative software specialist Adobe Systems (NASDAQ: ADBE), with shares sporting a 324% gain in that span. With 2019 coming to a close, the company issued an outlook that was a slowdown from the recent past, but plenty good enough to keep investors happy.
With a new decade nearly upon us, this professional tools suite remains one of the best there is -- albeit at a steep price tag.
Adobe has had multiple winds blowing in its favor. Software-as-a-service offerings are in high demand as companies around the globe are updating their operations for the digital age, and Adobe is at the forefront of the movement. First, its Digital Media segment -- which consists of its suite of creative software for artists and graphic designers, the Document Cloud PDF management tool, and its stock photo business -- has continued growing at a better-than-20% rate. Third-quarter 2019 results were 22% higher than a year ago.
Source Fool.com
