Adobe stock slides on BMO downgrade: “no clear catalyst” and competition in focus
New York, January 9, 2026, 20:54 EST — Market closed Adobe shares ended down 1.5% at $333.95 on Friday, after trading between $328.00 and $340.44, following a downgrade by BMO Capital Markets. The broker cut the Photoshop maker to Market Perform from Outperform and lowered its price target to $375 from $400, saying its latest Creative Cloud survey showed competition rising among students, freelancers and smaller businesses. “We do not envision a clear catalyst for the stock,” BMO analyst Keith Bachman wrote, flagging risks to pricing power and high-end seat growth. (Investing.com) The call lands at an awkward moment for