Forecast of The Day: Adobe’s Digital Media Revenue

+37.35%
Upside
285
Market
391
Trefis
ADBE: Adobe logo
ADBE
Adobe

What?

Adobe’s (NASDAQ:ADBE) Digital Media Revenue rose from $7.7 billion in 2019 to $11.5 billion in 2021. Trefis expects the metric to rise to $15 billion by 2023.

Why?

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We expect Adobe to continue to expand sales of its industry-leading products such as Photoshop and Illustrator, while increasingly pivoting to cloud-based offerings.

So What?

The Digital Media business accounts for over 70% of Adobe’s revenues. If DM sales pick up further, we could see Adobe stock – which has been a relative underperformer over the last year – also rally.

See Our Complete Analysis For Adobe

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns Apr 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 ADBE Return -8% -26% 306%
 S&P 500 Return -2% -6% 99%
 Trefis Multi-Strategy Portfolio -4% -12% 248%

[1] Month-to-date and year-to-date as of 4/22/2022
[2] Cumulative total returns since the end of 2016

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