Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
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.
Since being added to the Zacks Focus List on March 13, 2020 at $285 per share, shares of ADBE have increased 55.9% to $444.32.
For fiscal 2025, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $20.39. ADBE boasts an average earnings surprise of 2.6%.
Earnings for Adobe Systems are forecasted to see growth of 10.7% for the current fiscal year as well.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like ADBE, then, you're likely getting 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
This article originally published on Zacks Investment Research (zacks.com).
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