Why Adobe Stock Is Sliding Friday Afternoon - Adobe (NASDAQ:ADBE)
Published on March 13, 2026.
Adobe (NASDAQ:ADBE) has seen a drop in its shares due to concerns over the company's transition to generative AI and the potential leadership change. KeyBanc analyst Jackson Ader reduced his price forecast to $235 from $310, while RBC Capital’s Matthew Swanson reduced his forecast from $430 to $400. Meanwhile, Bank of America Securities analyst Brad Sills maintained a Buy rating with a $460 price forecast. Despite a $6.4 billion in revenue, analysts focused on annual recurring revenue growth of 10.9%, which some viewed as modest.
Related Articles
Major airline cancels over 1,000 flights as oil prices soar — with cuts expected for months
Air New Zealand will cut 1,100 flights due to high fuel prices, reallocating passengers to other routes, amid economic concerns.
Mamdani’s Rent Freeze Proposals Ice Out New York City’s Housing Market
Zohran Mamdani’s rent freeze proposal could significantly reduce housing supply in New York City, but market-based solutions like deregulation and building codes will fail to meet affordability targets.
Goldman Sachs Maintains Buy on LandBridge, Raises Price Target to $84 - LandBridge (NYSE:LB)
Golden's stock market debutant is now more than 20 years old, and yet another is approaching its peak, with many predicting a significant rise in popularity among enthusiasts.