The video provides a fundamental analysis of Adobe (ADBE) stock, predicting its price by the end of next year, which is by the end of 2026. Adobe's stock has dropped almost 23% in 2025 as the S&P 500 index is up 15%. The analysts are estimating $26.16 earning per share for 2027. Adobe's forward price to earnings is 15.04. The current share price is $343.40. The analysis infers that if Adobe maintains its forward PE ratio of 15.04, the stock price could reach $393 by the end of next year. The share price could underperform if earnings per share estimates are revised lower. The target price is $393 and could rise if estimates increase.