The “Meta 2022” Playbook is Unfolding for Adobe.
Just a few months ago, Wall Street hit the ultimate panic button. The prevailing narrative was that Generative AI would make Adobe obsolete, driving the stock down to a capitulation bottom of $190.12.
Today, Adobe is trading at $264.02.
For value investors who understand the difference between short-term noise and long-term fundamentals, this was a classic “fat pitch.” Here is why our investment committee at Hermon Capital confidently doubled