ADBE → $267.43 by Oct 27, 2026.

Adobe is probably the face of the SAAS apocalypse. Can't think of many software companies that are as big and lost as much from their all time highs. The narrative that AI is to blame, to me, doesn't make too much sense. Imo the price was simply too high to begin with. Doing a simple DCF proves the point: \-In the last few years Adobe revenues grew by around 10% per year. We can therefore estimate for the next 10 …