Hello my fellow investors and traders!
Today I am once again sharing a secret!
Let's have a quick look at Adobe Inc., a true digital empire, which popped up at DipDetector today.
The big picture:
EBITDA increased sevenfold in the last 6 years, while total assets increased by 140%.
What is more, we can see an outstanding growth in efficiency, which shows itself by taking a look at its net margin which rose to around 40%.
Obviously, it wasn't overvalued 6 years ago, as we can see above. Following the same logic, it shouldn't be overvalued today.
Looking at the chart, we have an expected price rise of 22% in the next 6 months, maybe even 40% in the best case scenario. Expect to see a temporary downswing of up to - 11%.
This forecast is based on regularly confirmed trend and resistance lines over the last 8 years.
For those reasons, investors looking for strong companies with significant growth potential should definitely take a look at Adobe Inc.
Sharing is caring - let me know what you think in the comments!