Posted 1/21/2024, 1:12:32 PM
Adobe Poised for Growth as AI Drives Demand for Creative Tools
- Adobe poised to benefit from AI adoption in creative industry, with topline growth projected at >10% CAGR through 2028
- Adobe generates significant free cash flow from incremental revenue - $0.35 for every $1 of new sales
- Recent launch of Adobe's AI platform Firefly empowers users to create professional, commercially viable content
- Adobe well-positioned to capture surging demand for creative workflows and content creation
- Valuation model suggests Adobe shares may still offer about 11% upside potential