Is It Too Late to Buy Adobe Stock?
With (NASDAQ: ADBE) shares up over 60% so far this year, it's understandable if investors feel like they've missed the boat on this stock. The rally has pushed its market capitalization above $250 billion -- a hidden gem this is not.
Yet you can still enjoy market-thumping returns by patiently buying and holding established tech businesses as they build on their market share leads. Apple stock has trounced the market over the past five years, for example, even after starting with a $1 trillion market cap in mid-2018. But is Adobe a strong enough business to generate meaningful returns from here?
Adobe's sales trends have been positive recently but far from explosive. Revenue was up 13% in its most recent fiscal quarter after adjusting for currency swings. By comparison, Microsoft grew its larger sales base 10% .
Source Fool.com
Adobe Inc. Stock
The stock is one of the favorites of our community with 59 Buy predictions and 2 Sell predictions.
With a target price of 588 € there is a slightly positive potential of 17.46% for Adobe Inc. compared to the current price of 500.6 €.
