Citi Downgrades Adobe to Sell as AI Competition and Growth Risks Mount
Citi cuts Adobe to Sell with a $207 target, citing AI competition, open-source clones, and near-term growth pressure from strategic changes.
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Hardware Stocks Fall as Software Rises, With Cybersecurity Getting the Extra Lift
CrowdStrike hits a record as investors rotate out of AI chips and into software. Cyber names lead on AI-safety fears.
Adobe Q3: Small Beat, Raised Outlook, and the 1 Billion User Milestone
Adobe raised targets after a modest Q3 beat. AI ARR jumped 150% and users hit 1B, yet after-hours reaction stayed choppy and mixed.
Adobe Shares Slip After CEO Change and Renewed Sell Call
BofA argues Adobe still looks expensive versus cash flow as AI costs hit margins before paid growth clearly accelerates.
Morgan Stanley Downgrades Adobe to Underweight, Slashes Price Target to $240 Amid AI and Execution Concerns
Morgan Stanley warns about the impact of generative AI, Adobe’s freemium strategy, and ongoing leadership transitions.
BofA Sees AI Winners and Losers: Buy Figma & Shopify, Downgrade Adobe
BofA sees Adobe hurt by AI, while Figma and Shopify could benefit as AI boosts creativity, collaboration, and online commerce.