The video provides a fundamental analysis of Adobe stock (ADBE), estimating a potential price range for the end of next year. It starts by referencing that Adobe stock is trading at a forward price-to-earnings of 15.04. Using the earnings per share estimate for 2027, analysts on Wall Street expect this company will deliver in EPS next year, approximately $26.16. According to the analysis the forward P/E ratio will increase. A scenario analysis is provided, considering different forward P/E ratios. If the forward PE ratio is at 15.04, the stock price could rise to $393.45. With a PE of 17, the stock may trade at $444.72, while a multiple of 12 could send the share price as low as $313.92, but based on a range from 15 to 17 the estimated range is between $390 and $440. The stock analysis is rated as a buy.