Adobe stock slides to 2022 lows: downgrades, Apple’s Creator Studio and what investors watch next
New York, Jan 14, 2026, 19:00 ET — After-hours Adobe Inc (ADBE.O) slipped for a second day on Wednesday, ending down 1.77% at $304.44. The Photoshop creator trailed a soft tech sector, with investors cautious about growth prospects and mounting competition. (MarketWatch) Adobe’s shares have slid to their lowest since November 2022, now trading at about 12 times forward cash flow—essentially what investors expect the company to generate in the next year. Rob Oliver of Baird calls the stock cheap but notes doubts around Adobe’s $250 million-plus AI-related annual recurring revenue, a key subscription figure. Meanwhile, Oppenheimer’s Brian Schwartz downgraded