ADBE is a wide moat company that has embedded itself into the daily operations of thousands of businesses worldwide through their suite of creative cloud products.  Their shift away from single purchase to a recurring subscription model has helped to push their valuation to SaaS levels, currently trading near 30x forward estimates.  But with strong growth, a 33% profit margin, and a coveted place in many businesses’ tech stacks as simply irreplaceable, the company should be able to execute on those estimates.