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Adobe's Valuation Trap: 11x Earnings Masks a Stagnation Story
U.S. Equities2h ago
Adobe's Valuation Trap: 11x Earnings Masks a Stagnation Story
Adobe trades at a 60% discount from 2021 highs, but the market is right to worry: revenue growth has flatlined since before the AI era, and even a 2x rerating offers limited upside versus faster-growing AI plays.