Adobe: Initiating Coverage; A Buy On Solid Fundamentals
Summary
Adobe's double-digit revenue and EPS growth, alongside a low P/E of ~17, make it an attractive investment opportunity. T...
Adobe's double-digit revenue and EPS growth, alongside a low P/E of ~17, make it an attractive investment opportunity. The digital media segment drives growth, with a >25% increase in monthly active users and strong expansion in mobile and subscription revenues. A robust $25 billion share repurchase program and $20 billion in remaining performance obligations highlight Adobe's commitment to shareholder returns.