Yahoo Finance Earnings Growth & Price Strength Make Adobe Systems (ADBE) a Stock to Watch
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Why You Should Pay Attention to Adobe Systems (ADBE)
San Jose California-based Adobe Inc. is one of the largest software companies in the world. Adobe picks up licensing fees from customers, which form the bulk of its revenue.
On March 13, 2020, ADBE was added to the Zacks Focus List at $285 per share. Shares have increased 95.66% to $557.63 since then.
10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.18 to $18.14. ADBE boasts an average earnings surprise of 2.7%.
Additionally, Adobe Systems' earnings are expected to grow 12.9% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like ADBE offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Adobe Inc. (ADBE) : Free Stock Analysis Report
