"Starting with Adobe. So I calculated Adobe's intrinsic value or fair value per share to be $411 and the current market price for Adobe is $353. Adobe stock experienced a difficult year in 2025 as investors were concerned about the company's investments in artificial intelligence not being enough to keep up with competitors that are innovating more rapidly and the potential impacts to its business. Now, I agree that those are risks that Adobe stock investors should consider, but those risks are already priced into the valuation of this business. And I think from this point forward, there's a good risk versus return for Adobe stock investors."
The speaker presents Adobe as an attractive buy due to its calculated intrinsic value ($411) being significantly above its current trading price ($353), despite past challenges related to AI investments. The risks mentioned have already been factored into the stock's valuation, suggesting a favorable risk/reward balance moving forward.
My Top 7 Stocks to Buy for 2026!
Parkev Tatevosian, CFA
January 1, 2026
Stock Idea