Equity Research 6 January 2025 Security/Design/Vertical SaaS 4 Ideas, 5 Themes, 20 Predictions for 2025 We present our 2025 outlook for the security, design, and vertical-specific software spaces and highlight ADBE, ADSK, NCNO, and VRNS as 4 names we like for the year ahead. We also present 5 industry/investor themes and 20 predictions for our individual names into the year in the slides. We present our 2025 outlook for the security, design, and vertical specific software spaces in the slides attached. Slid ...