Adobe Stock (ADBE) News Today: KeyBanc Downgrade Pressures Shares as FY2026 Forecast Puts AI Monetization Back in Focus
Adobe Inc. (NASDAQ: ADBE) stock traded lower on December 15, 2025, as investors weighed a fresh KeyBanc downgrade against Adobe’s just-issued FY2026 outlook, which calls for double-digit annualized recurring revenue (ARR) growth but also keeps Wall Street laser-focused on one question: how fast Adobe can translate generative AI adoption into durable, incremental revenue and margin expansion. Investing.com+1 The day’s pullback comes only days after Adobe delivered record fiscal Q4 and full-year FY2025 results and outlined targets that, on paper, sit slightly above consensus on revenue and earnings. Adobe+2Adobe+2 Adobe stock price action on December 15, 2025: what’s moving ADBE On