adobe--big

ADOBE

(ADBE)

NASDAQ

Recommendation:

Buy

Share Price:

USD

Market Cap:

$

Adobe Inc: Fade Figma

20 September 2022

We initiate coverage of Adobe Systems Inc with a BUY rating. Recently the stock plunged +16% intraday due to its $20B acquisition of Figma, a collaborative workflow platform. Adobe is the software company behind Photoshop, inDesign, Adobe Acrobat (.pdfs) and other design-orientated software. The bulk of its revenue comes from Creative Cloud subscriptions, which are paid on a recurring basis.

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