ADOBE as 2 years trade?

Ok, I wasn’t convinced when YouTubers were preaching this stock at $320+ but now (along with many other software stocks) it’s getting ridiculously cheap (now at ~$265). Disclaimer: I would not invest in Adobe and hold it for 10+ years. I do think, as the market does, that AI and increasing competition will eventually eat a meaningful chunk of their moat. That said, I also think Adobe still has at least 2 years of “business as usual” ahead, with mid-single to low-double-digit growth (roughly 7–12%), and the recent correction feels excessive relative to that outlook. AI is not yer ready to replace a good chunk of designer and their work plus there's no better alternative in sight, i hate Adobe software too but you have to admit that it is still the best, pricy yes but still the best. At current prices, Adobe is trading close to its historical median valuation multiples, despite fundamentals being very solid: operating margins remain around ~45%, free cash flow conversion is strong, net debt is manageable, and the company continues to return capital via buybacks. Even without multiple expansion, simply assuming earnings growth continues and the market stops punishing the stock so aggressively, the risk/reward looks asymmetric at these levels. So the real question for me is: is the market truly this forward-looking, already pricing in AI disruption 3-4 years down the line?