Hi, I joined Adobe in Nov and got RSU allocated at $664. Stock has already corrected 20+%. Though stock had fabulous growth over last 6 yrs, I am worried about its growth over next couple of year. Any thoughts on this? Can it atleast touch 1k by 2025? Thanks. Yoe:15+ TC:93L
It will reach back 700 by year end. Also, may touch 1000 by 2024 summer
Curious to know why people are confident about reaching $1000. How are you expecting free cash flows to increase that much in 3 years? Is it going to come from DX? ADBE already at 37x cash flow even after correction.
Agree.. would like to understand the same.
Even I joined Adobe in November and my RSUs are down 20%. With aggressive rate hikes from fed, all overvalued tech stocks will correct. My estimate is that Adobe will reach 300 or 400 within next two years before it starts upward trend. On the bright side, espp purchase price will be lower.
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It will surely cross 1000. Btw what was ur base and rsu part?
Base is 55 and rsu 22L
How tc is 95L ? 55+ 8.25(bonus) + 22 = 85