“Michael Burry Keeps Buying This Stock”
Adobe's valuation (below 10x forward PE, 8.5% FCF yield) reflects fully priced-in AI concerns; potential for upside if it beats earnings.
And then we have Adobe, which like many software companies, it's been beat down for the past year, but it's reporting earnings this Thursday. Could it have a big bump like Salesforce?
Now, the last stock here is Adobe, which is in the center of the AI disruption debate. Adobe's now down to $256, down another 3%. When we look at this one year-to-date, it's down 23%.
In the past 5 years, Adobe's down a staggering 61%.