Source: TradingView Key Takeaways: Adobe is a global SaaS industry leader operating through three main business segments, with revenue mainly from software licensing and subscription services. Adobe invests heavily in AI integration across its Document Cloud, Creative Cloud, and Digital Experience Cloud segments, with each showing potential particularly with non-enterprise customers.. Considering Adobe's projected revenue growth of around 10%, the average valuation of peer companies is 10 times PS ratio. We maintain a "Hold" rating, with a reference price range of $420–$540, and expects Adobe's AI R&D and monetization could continue to attract investor enthusiasm. Company Overview: A Global SaaS Power House Founded in 1982, Adobe has established itself as a global leader in the digital industry. The company operates through three major business segments: Creative Cloud, Document Cloud, and Experience Cloud. These segments encompass over 40 creative software solutions, including renowned PDF software and CRM marketing software. Adobe's journey began...