Hi YXI friends,
Today, we will examine Adobe closely as part of our Systematic Portfolio holdings.
The question in the title is a real one. Adobe’s headline ARR growth is only double digit with Semrush (a recent acquisition) inside it.
However, valuation sits near a five-year low, and my read on the chart is that the bottom is likely in. Left to my own technicals I would rather buy the next pullback than the breakout, but I have no problem following the Systematic Portfolio's inclusion of this one.
DISCLAIMER: This newsletter is strictly educational. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.
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