Forecast Of The Day: Adobe’s Digital Experience Revenue
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