Will Adobe Be a Trillion-Dollar Company in 5 Years?

The trillion-dollar market cap club is an exclusive group. Only six U.S. companies have achieved this valuation, although many are close. Adobe (NASDAQ: ADBE) has about a $300 billion market cap, meaning its stock must rise more than 25% annually to achieve this status by 2026. Can Adobe do this in five years to join the ranks of behemoths like Apple, Microsoft, and Tesla?

Adobe is more than the company that opens PDF documents. It operates three segments: digital media, publishing and advertising, and digital experience. Its largest segment, digital media, pulled in nearly $3 billion in revenue during the third quarter. Its suite of software includes products like Photoshop, Acrobat, and Premiere Pro and has more than 20 apps overall. Linking them all together is the Creative Cloud, allowing users to collaborate from anywhere at any time.

Image source: Getty Images.

Source Fool.com