Adobe stock slides after Oppenheimer downgrade as Apple targets Creative Cloud
New York, Jan 13, 2026, 18:37 EST — After-hours Adobe shares dropped 5.4% to $309.93 in after-hours trading Tuesday, having hit a low of $307.94 earlier in the session. The slide came after Oppenheimer downgraded Adobe, citing generative AI’s growing impact on the company’s reliable subscription model. Analyst Brian Schwartz cut Adobe to “Perform” from “Outperform” and removed the price target altogether. In his note, he said Gen AI “is increasing the velocity of content creation while lowering price and subscriber growth.” (Investopedia) Competition is heating up at the low end of creative tools—and it’s not just startups shaking things