Adobe Stock Sinks to Yearly Low as AI Questions Mount – New “AI Foundry” Launch Adds Fuel to Debate
Adobe shares rose 3.9% to $356 on Oct. 21, rebounding from a 52-week low but still down about 20–25% year-to-date. The company reported record Q3 earnings in September, beating estimates and raising full-year guidance. On Oct. 20, Adobe launched its AI Foundry service, signing Disney Imagineering and Home Depot as early clients. Analyst price targets range widely, with some citing slow AI monetization.