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Posted by
Two Blokes Jun 9 -
Filed in
Stock
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9 views
I reiterate my buy rating on Adobe, citing compelling valuation and robust free cash flow despite recent stock underperformance and negative earnings reactions. Adobe's AI adoption and recurring revenue growth remain positive, though EPS guidance has softened, and competitive pressures are rising. My updated fair value target is $533, reflecting lower profit expectations but still indicating about 20% upside from current levels.
