's (NASDAQ: ADBE) stock has surged more than 80% this year and is currently hovering near its 52-week high. Most of that rally was driven by the market's enthusiasm regarding the cloud software giant's new artificial intelligence (AI) tools, its stabilizing sales growth, and expanding operating margins.

But is it too late to hop aboard the bullish bandwagon and buy Adobe's stock? Let's review its growth rates, valuations, and longer-term catalysts to decide.

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Source Fool.com