ADBE is trading at 3.12% up now at $354.13 after investors responded to signs that the stock is undervalued and following a series of strong earnings results. Recent analysis highlights that Adobe is trading at a significant discount to its intrinsic value, with a discounted cash flow model suggesting shares are undervalued by 33.7% compared to fair value, and the company continues to post double-digit earnings and revenue growth[1][3]. Adobe has beaten consensus EPS and revenue estimates for four consecutive quarters, reinforcing confidence in its business fundamentals[3]. There is no evidence of a new company-specific event today, but the move appears driven by renewed investor interest in undervalued tech stocks and Adobe's consistent financial performance.