Adobe faces challenges with its AI narrative as analysts downgrade the stock to Hold from Buy, citing industry issues and competition from smaller AI-first companies. The company's earnings setup is anticipated with concerns over underperformance and lack of upward revenue/earnings revisions in recent years.
🔻 Downgrades Alert: $AMD $ADBE $ABG $DK $MFIC are today's top downgrades! Check out the latest ratings and targets below! $AMD $ADBE $ABG $DK $MFIC https://t.co/JUysIh8a0E
Adobe’s stock gets a downgrade as its AI narrative is nuanced https://t.co/QgtGaCtXdc
MELIUS cuts $ADBE to Hold/$510. ".. Coding tools are making smaller AI-first competitors sprout up easier .. the rise of AI-driven productivity threatens the long-relied-upon 'seat model' - perhaps making 'outcomes' more relevant - which at the very least means a business…
$ADBE | Melius Downgrades Adobe to Hold from Buy with PT of $510 The Analyst highlighted that the industry is facing issues similar to those encountered by on-premise hardware companies during the cloud computing shift, stating, "these things tend to last longer than you think."…
Adobe $ADBE Earnings Setup - AI hasn't been fun of late for this one, especially with the new content terms folks are up in arms about Big underperformance and without much upward revision in rev / eps in a few years. Results Thursday after the close. https://t.co/6mNiwXlpgm https://t.co/WEIC7N5a8F