Tobias Carlisle highlights Adobe’s $282 consensus price target and 45% upside amid a 44% YTD decline.
Value investor Tobias Carlisle labeled Adobe (NASDAQ:ADBE) a compelling opportunity, citing a forward P/E of 8 and PEG ratio of 0.53. The stock closed at $195.16 on June 18, 2026, down 44% year-to-date, trimming its market cap to $77.58 billion.
Adobe’s AI-driven annual recurring revenue tripled to $500 million, though concerns persist over generative AI’s impact on its core tools. Analyst consensus targets $282, implying 45% upside from current levels.
Carlisle paired Adobe with Booking Holdings as established platforms trading at discounts due to AI disruption risks, though Adobe was excluded from his top 10 AI stock picks.