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Why Adobe Systems (ADBE) is a Top Stock for the Long-Term

Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.

Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.

Why You Should Pay Attention to 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.

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Since being added to the Zacks Focus List on March 13, 2020 at $285 per share, shares of ADBE have increased 69.51% to $483.11.

Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.02 to $17.96. ADBE boasts an average earnings surprise of 3%.

Moreover, analysts are expecting Adobe Systems' earnings to grow 11.8% for the current fiscal year.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like ADBE offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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Adobe Inc. (ADBE) : Free Stock Analysis Report

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Zacks Investment Research