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Adobe faces challenges with its AI narrative as analysts downgrade the stock to Hold from Buy, citing industry issues and competition from smaller AI-first companies. The company's earnings setup is anticipated with concerns over underperformance and lack of upward revenue/earnings revisions in recent years.
🔻 Downgrades Alert: $AMD $ADBE $ABG $DK $MFIC are today's top downgrades! Check out the latest ratings and targets below! $AMD $ADBE $ABG $DK $MFIC https://t.co/JUysIh8a0E
Adobe’s stock gets a downgrade as its AI narrative is nuanced https://t.co/QgtGaCtXdc
MELIUS cuts $ADBE to Hold/$510. ".. Coding tools are making smaller AI-first competitors sprout up easier .. the rise of AI-driven productivity threatens the long-relied-upon 'seat model' - perhaps making 'outcomes' more relevant - which at the very least means a business…
