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Will $ADBE reach $300 by August?
22 may

Adobe announced an acquisition of Magento for $1.68B. Magento is a cloud-based e-commerce service used by various companies and famous brands. This is one of the most popular tools for e-commerce platforms & marketplaces. Magento has an interesting storyline of acquisitions: the company was acquired by eBay for reportedly $180M in 2011. Then it was taken back private with help from Permira Funds in 2015.

I think Adobe-Magento deal is a win-win for both companies. Marketing tool together with cloud-based CRM for e-commerce platform will empower both companies and help them improve the value added. 

After the deal, Adobe is positioned to move higher, the synergy may affect the financials most likely the next quarter after they close the deal. 

Do you think Adobe will rise to $300 over the next couple of months?

Will $ADBE reach $300 by August?

Agreed
28 people
Disagreed
6 people

Forecast came false

$ADBE didn't hit $300 target, but the stock keeps going up and I think $300 is achievable target for this year.