Adobe stock slides after Oppenheimer downgrade as AI threat looms for ADBE
Adobe shares fell 5.7% to $309.02 Tuesday after Oppenheimer downgraded the stock, citing a challenging 2026 outlook and slower-than-expected AI revenue growth. Goldman Sachs also turned bearish this week, intensifying selling pressure. Analyst sentiment on Adobe is now at its lowest since 2013, according to Bloomberg.