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Thisguy22
Sep 27, 2023 8:59 PM

Adobe Gains Correction Short

Adobe Inc.NASDAQ

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Bookmarking this analysis for future reference. Average purchase price: 308. Solid year for the company with new AI integration into products while showing willingness to learn from defeat and flat out purchase Figma, great long term thinking on this one (hopefully the deal gets approved.....when will it get approved?)

Markets are correcting tho, and giving back some gains, could be a nice place to start loading up again around 440 to 385ish ......maybe. It's not overly expensive as it's currently trading at 31X PE so I'd think it would not be overly affected.
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