Just found out ADOBE is hitting 5 years low, but its financial performance is promising.
With current share price of $326, PE 20x and 10Yrs CAGR 18%, Median price should be around $450.
Is it because of the threat of all those new AI software (Midjourney, Stable Diffusion etc)? I cant reach how well these 2 companies performed.
I want to see what other perspective on this stock, as this stock is way undervalued from my view.
Thanks :)