I agree with you—at the current price of $390, ADBE is moving into buy territory. It’s trading at its lowest P/E ratio in the past decade.
Did a quick valuation analysis, and I see that at this price, Adobe only needs to grow its Free Cash Flow by 7% annually to deliver a 10% annual return to shareholders. Given its strong fundamentals, I see a margin of safety for investors looking to enter at this level.
I agree with you—at the current price of $390, ADBE is moving into buy territory. It’s trading at its lowest P/E ratio in the past decade.
Did a quick valuation analysis, and I see that at this price, Adobe only needs to grow its Free Cash Flow by 7% annually to deliver a 10% annual return to shareholders. Given its strong fundamentals, I see a margin of safety for investors looking to enter at this level.