Australia markets closed

    +60.20 (+0.73%)

    +0.0001 (+0.02%)
  • ASX 200

    +58.60 (+0.73%)
  • OIL

    +0.93 (+1.15%)
  • GOLD

    +14.60 (+0.59%)
  • Bitcoin AUD

    +1,576.12 (+1.67%)
  • CMC Crypto 200

    +5.77 (+0.43%)

Here's Why Adobe Systems (ADBE) is a Strong Growth Stock

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.


Adobe Systems (ADBE)

San Jose California-based Adobe Inc. is one of the largest software companies in the world. Adobe picks up licensing fees from customers, which form the bulk of its revenue.

ADBE boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 12.8% year-over-year for 2024, while Wall Street anticipates its top line to improve by 10.5%.

Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.17 to $18.13 per share. ADBE also boasts an average earnings surprise of 2.7%.

On a historic basis, Adobe Systems has generated cash flow growth of 16.8%, and is expected to report cash flow expansion of 12.1% this year.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ADBE should be on investors' short lists.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Adobe Inc. (ADBE) : Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research