Adobe (ADBE) is a fantastic company with strong competitive advantages which we covered in our previous articles:
Our first article went into more detail about Adobe's operations and advantages and we recommend having a read if you are unfamiliar with it. Since our first article, Adobe has returned investors 31.78% compared to the S&P 500's return of 13.17%. Since our second article, Adobe has returned 20.90% versus 4.95% from the S&P 500.
In this article, we will be updating our valuation model for the company since our previous price targets have been exceeded.
*This is a premium seeking alpha article, so we can’t fully post it here.*