Is It Too Late to Buy Adobe Stock?
Adobe System's (NASDAQ: ADBE) transition to a software-as-a-service business strategy has led to big returns for investors. If you had bought shares in late 2016, you would already be sitting on a 450% gain, which is almost triple the return you would have had from a S&P 500 index fund.
Adobe generated $15.1 billion in revenue over the past four quarters, with the bulk of that coming from the Creative Cloud suite of products within its Digital Media segment, which includes Adobe's flagship software such as Photoshop, Lightroom, Acrobat, and Illustrator that many professionals use every day.
Still, Adobe is not a small, growing company anymore. It currently commands a large market cap of $287 billion, so how much further can Adobe's stock price climb?
Source Fool.com
