I seen a couple of posts a month ago on this sub about ADBE and the consensus is ADBE is just going through a change and has good cashflows and a strong moat but does it really have a moat? ADBE has strong competition, other competitors offer freemium plans and AI tools is potentially rendering adobes core design software less essential or unviable.
Top leadership in the company have departed and adobe has stated a new CEO wont be appointed until 2027 which leaves the company in uncertainty and no future direction.