Mar. 7 at 11:31 AM
$ADBE $CRM - UP 10% ON THE WEEK. HERE'S WHY THE BOTTOM IS IN.
👉If this is helpful to you, tap @NasdaqKnight
Two software giants. One clear thesis: the AI panic was overdone.
$ADBE (Adobe) :
📈 Current:
$283.68
📊 Analyst target:
$399.52 (+40.8% upside)
💡 Recent catalyst: Michael Burry took a new long position
📅 Earnings: March 12 (post-market) — AI monetization (Firefly) in focus
📉 Down 57% from highs — valuation at 10x P/FCF is historically cheap
$CRM (Salesforce) :
📈 Current:
$201.39
📊 Analyst target:
$283.44 (+40.7% upside)
💡 Recent catalyst:
$50 BILLION buyback authorization
🤝 New partnerships: Tata Power, Formula 1 expanding AI footprint
📈 AI revenue: "Agentforce" ARR up 200% YoY
Both are trading at forward P/Es not seen in years. The "SaaS-pocalypse" narrative is crumbling. Marc Benioff said it best: "We don't see it in our pipelines" .
Bottom looks in unless macro takes us all down. Positioned accordingly.
