High Growing with no dividend (Part 1)

Gxian23
2022-07-05

2. Adobe

Adobe is a leader in the document cloud market. Based on one of the analyst forecasting results, this is a lucrative segment and Adobe is expected to reach around $21 billion in 2023 and roughly $32 billion in 2024. Adobe is the industry leader in a $205 billion market that's growing at over 20% per year, which analysts think could drive 16.5% returns for many years, or even decades to come.

Adobe is one of the best growth stocks in history. Also, Adobe is a highly diversified global giant with 51% of its sales from the US, 27% from Europe and the Middle East, 16% from Asia and 6% from others.

In addition, Adobe repurchased almost 1% of shares at an average price of $553 in Q1 FY22. "These share repurchases are part of the previously announced program, under which we currently have $10.7 billion remaining of our $15 billion authorization that was granted in December 2020 and goes through 2024." - Adobe CFO. This showed a promising future and guaranteed potential from the company’s management. Many analysts also recommend a “BUY” rating for Adobe.

Adobe’s highest stock price in history was USD 699.54 per share (22th November 2021) and it is currently trading at USD 376.92 (16th of June 2022). Approximately 50% difference from the all time high.  

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • DIMCO
    2022-07-05
    DIMCO
    You should really consider other risks while you are selecting Adobe
    • DIMCOReplyGxian23
      Thanks a lot for you to say that my dear
    • Gxian23ReplyDIMCO
      Yeah true. Good luck to you too.
    • DIMCOReplyGxian23
      Hmm... And we should be careful... Good luck to you
    • Gxian23
      Yup, agree w it. There are many other factors too.
  • feelond
    2022-07-05
    feelond
    I have hold Adobe for many years
  • AaronJe
    2022-07-05
    AaronJe
    I agree with you, JUST buy Adobe
  • ElvisMarner
    2022-07-06
    ElvisMarner
    Thanks for your excellent post.
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