ADBE has reached a price/valuation level that the author finds attractive after being on their watchlist. Reaching a target valuation on a watchlist stock creates a potential entry point for a value investor. The author intends to "pull the trigger" and initiate a long position, pending community feedback on sizing. AI disruption to their core business model, recent management turnover, and historical price stagnation.
ADBE has reached a price/valuation level that the author finds attractive after being on their watchlist. Reaching a target valuation on a watchlist stock creates a potential entry point for a value investor. The author intends to "pull the trigger" and initiate a long position, pending community feedback on sizing. AI disruption to their core business model, recent management turnover, and historical price stagnation.