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Jeff_Roar
2022-01-06

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This Tech Giant will Shape The Future of The Metaverse, Buy Its Stock: Analyst

Adobe (ADBE) will be a major winner from the build-out of the metaverse, says one widely followed Wa

This Tech Giant will Shape The Future of The Metaverse, Buy Its Stock: Analyst

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Shares of Adobe were relatively unchanged in pre-market trading Thursday. It closed down 7% at $514.43 on Wednesday.</p><p>The metaverse arguably burst into the public lexicon for the first time in 2021 as Facebook founder Mark Zuckerberg has hyped the digital world&#39;s potential (and changed its holding company name to Meta in a show of support). Microsoft (Yahoo Finance&#39;s 2021 Company of the Year) has also talked increasingly about the metaverse and how it will play in it moving forward.</p><p>In its simplest form, the metaverse is an online world that includes augmented reality, virtual reality, and 3D avatars. As this world takes form, how things are done stand to change dramatically.</p><p>The Street expects a host of companies to cash in on the metaverse such as gaming bigwig Roblox and music maker Warner Music.</p><p>&#34;A single metaverse could be more than a decade away, but as it evolves it has the potential to disrupt almost everything in human life that has not yet already been disrupted,&#34; said Simon Powell, Thill&#39;s colleague at Jefferies, in a recent note.</p><p>As for Adobe, investors will have to balance the potential for the metaverse with slowing growth at the software player.</p><p>Adobe posted a disappointing quarter and outlook several weeks ago. The stock is down 25% from its Nov. 25 high, technically putting it in a bear market.</p><p>&#34;After disappointing Q4 earnings and FY22 guidance, digesting COVID impact may last through the first half of 2022,&#34; acknowledged Thill.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Tech Giant will Shape The Future of The Metaverse, Buy Its Stock: Analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Tech Giant will Shape The Future of The Metaverse, Buy Its Stock: Analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 21:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/this-tech-giant-will-shape-the-future-of-the-metaverse-so-buy-its-stock-analyst-131553370.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Adobe (ADBE) will be a major winner from the build-out of the metaverse, says one widely followed Wall Street analyst.\"Adobe is the best software play for the metaverse — its creative tools will ...</p>\n\n<a href=\"https://finance.yahoo.com/news/this-tech-giant-will-shape-the-future-of-the-metaverse-so-buy-its-stock-analyst-131553370.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"source_url":"https://finance.yahoo.com/news/this-tech-giant-will-shape-the-future-of-the-metaverse-so-buy-its-stock-analyst-131553370.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116214141","content_text":"Adobe (ADBE) will be a major winner from the build-out of the metaverse, says one widely followed Wall Street analyst.\"Adobe is the best software play for the metaverse — its creative tools will enable the next generation of the internet,\" said Jefferies tech analyst Brent Thill in a new research note Thursday.Thill reiterated a Buy rating and $680 price target on Adobe. Shares of Adobe were relatively unchanged in pre-market trading Thursday. It closed down 7% at $514.43 on Wednesday.The metaverse arguably burst into the public lexicon for the first time in 2021 as Facebook founder Mark Zuckerberg has hyped the digital world's potential (and changed its holding company name to Meta in a show of support). Microsoft (Yahoo Finance's 2021 Company of the Year) has also talked increasingly about the metaverse and how it will play in it moving forward.In its simplest form, the metaverse is an online world that includes augmented reality, virtual reality, and 3D avatars. As this world takes form, how things are done stand to change dramatically.The Street expects a host of companies to cash in on the metaverse such as gaming bigwig Roblox and music maker Warner Music.\"A single metaverse could be more than a decade away, but as it evolves it has the potential to disrupt almost everything in human life that has not yet already been disrupted,\" said Simon Powell, Thill's colleague at Jefferies, in a recent note.As for Adobe, investors will have to balance the potential for the metaverse with slowing growth at the software player.Adobe posted a disappointing quarter and outlook several weeks ago. 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