Forecast Of The Day: Adobe’s Digital Experience Revenue

+32.37%
Upside
459
Market
607
Trefis
ADBE: Adobe logo
ADBE
Adobe

What?

Adobe’s (NASDAQ:ADBE) Digital Experience Revenue has grown from around $2.80 billion in 2019 to $3.13 billion in 2020. Trefis expects the metric to rise to about $3.7 billion in 2021 and to around $4.2 billion in 2022.

Why?

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We expect growth to be driven by higher spending on analytics-based marketing, advertising, and commerce solutions.

So What?

We think the projected growth is largely priced into Adobe stock. We value ADBE at about $656 per share, roughly in line with the current market price.

See Our Complete Analysis For Adobe

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Returns Dec 2021
MTD [1]
2021
YTD [1]
2017-21
Total [2]
 ADBE Return 3% 34% 551%
 S&P 500 Return -1% 22% 104%
 Trefis MS Portfolio Return -4% 45% 294%

[1] Month-to-date and year-to-date as of 12/1/2021
[2] Cumulative total returns since 2017

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