An update on Adobe shares, now trading at 13x free cash flow
100% - Adobe has the moat where it matters (enterprise level) and it will be very difficult for anyone to dethrone that. And they can easily make a ‘low end’ version cheap enough to keep competing with Figma/others for low margin semi-pro users.
Their low end version Express is already doing great based on management's remarks at the latest earnings call :)
100% - Adobe has the moat where it matters (enterprise level) and it will be very difficult for anyone to dethrone that. And they can easily make a ‘low end’ version cheap enough to keep competing with Figma/others for low margin semi-pro users.
Their low end version Express is already doing great based on management's remarks at the latest earnings call :)