Adobe(US:ADBE) Financial Modeling Prep·2026-01-05 08:00Core Viewpoint - Adobe Inc. has experienced a downgrade from Jefferies, impacting investor sentiment, while some institutional investors continue to show confidence in the company's long-term potential [1][6]. Group 1: Company Overview - Adobe Inc. is a leading software company known for its creative and digital marketing solutions, including products like Adobe Photoshop, Illustrator, and Acrobat [1]. - The company competes with major players such as Microsoft and Salesforce in the software industry [1]. Group 2: Recent Developments - Jefferies downgraded Adobe from a "Buy" to a "Hold" rating, with the stock currently priced at $333.30 [1][6]. - Miracle Mile Advisors LLC reduced its stake in Adobe by 56.7%, selling 3,961 shares and retaining 3,021 shares valued at approximately $1.07 million [2]. - Despite the downgrade, Norges Bank acquired a new stake worth over $2 billion, indicating confidence in Adobe's long-term potential [3]. - Assenagon Asset Management S.A. increased its holdings by over 300% in the second quarter, now owning more than 3.1 million shares valued at approximately $1.2 billion [3]. Group 3: Stock Performance - Adobe's stock has decreased by 4.77%, with a price drop of $16.69, fluctuating between $331.65 and $351.12 during the day [4]. - Over the past year, the stock reached a high of $465.70 and a low of $311.59, reflecting significant volatility [4]. - The company's market capitalization is approximately $139.52 billion, with a trading volume of 5,643,504 shares, indicating a strong market presence despite recent fluctuations [5][6].