ADOBE A TOP AI UNDERVALUED STOCK . FAIR VALUE $560
@SPOT_ON:
Our fair value estimate for Adobe is $560 per share, which implies a fiscal 2025 enterprise value/sales multiple of 10 times and an adjusted price/earnings multiple of 24 times. Our outlook for fiscal 2025 and 2026 is largely in line with consensus, which suggests our estimates are not outliers. the current FCF stands at $9.50 Billion. Analysts project that Adobe's annual Free Cash Flow will grow steadily, reaching around $13.3 Billion by 2029 Using these cash flow projections and discounting them to their present value, the DCF model calculates Adobe's intrinsic value at $578.84 per share $Adobe(ADBE)$ $Oracle(ORCL)$
