Key Stats for Adobe Stock
- Price change for Adobe stock in the last 6 months: -24%
- $ADBE Stock Price as of Jul. 21: $227
- 52-Week High: $376
- $ADBE Stock Price Target: $270
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What Happened?
Adobe (ADBE) stock is under pressure after Morgan Stanley downgraded the shares to underweight from equal weight, slashing its price target to $240 from $365.
Analyst Adam Wood pointed to Adobe juggling too many major changes at once, a shift to a freemium business model, a CEO and CFO transition happening at the same time, and a pivot from margin expansion toward heavier AI spending.
He argued this…
