Interesting viewpoint. I personally think their share price is still overvalued. They are overpaying for Figma because they couldn't get enough market share with XD despite it being good product (I used to regularly use both) but I think the rest of their core apps are under threat which could jeopardise their future revenues. Procreate, Canva, Affinity suite, Davinci all compete in some way with the existing CC suite apps. From my own experience and speaking to others Adobe isn't loved but tolerated by its customer base, many of whom feel they are being price gouged whilst dealing with buggy software.