Adobe stock slides after Oppenheimer downgrade as AI threat looms for ADBE
New York, Jan 13, 2026, 14:40 EST Adobe shares dropped Tuesday following a downgrade from Oppenheimer, marking another cautious note among recent calls that have pressured the stock this month. By afternoon, shares had fallen 5.7% to $309.02. The downgrade hits at a crucial moment for Adobe, perched on the edge of the AI trade. Investors crave quicker returns from generative-AI features, but analysts are zeroing in on whether these new tools could open the door for competitors to chip away at Adobe’s core business. Oppenheimer called the 2026 outlook for application software “challenging,” noting the sector has underperformed the