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Wall Street Thinks This Tech Stock Is Cheap: 3 Reasons to Buy Adobe

Wall Street Thinks This Tech Stock Is Cheap: 3 Reasons to Buy Adobe
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Adobe launches a new, simplified digital asset manager – TechCrunch

Adobe launches a new, simplified digital asset manager Adobe today announced the launch of a new asset management tool, Adobe Experience Manager Assets Essentials. That’s a mouthful, but while the company didn’t necessarily simplify the name, the idea here is to give teams that work with lots of digital assets an easier-to-use management experience in the Adobe Experience Cloud than Adobe’s current enterprise-centric asset management tool can offer. In addition, Adobe is also launching the first tool to integrate this new experience: the Adobe Journey Optimizer. This new tool is meant to help users leverage their customer data to build out customer journeys and figure out the best ways to deliver messages and content along that journey.

Adobe Signs Customers ServiceNow, Panera, EY for Experience Platform

That push to go digital translated into a burst of growth for Adobe s digital experience business, which includes the Experience Platform. In the first quarter of 2021, subscription revenue for that business unit grew 27% from a year prior, clocking in at $812 million. Meanwhile, Adobe s stock price has risen about 50% over the last year, giving it a market cap of some $242 billion. That growth is exemplified in several new customers deals Adobe signed during the pandemic. On Friday, Adobe revealed for the first time that its customer list expanded over the last year to include names like ServiceNow, BJ s Wholesale Club, Panera Bread, EY, and TSB Bank. It also shared many longer term customers that it had not previously shared, including companies like Coca-Cola, Home Depot, and Hilton.

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