Jefferies Cautious on Adobe (ADBE) As It Updates Outlook on Software Sector

Adobe Inc. (NASDAQ:ADBE) is one of the most undervalued blue chip stocks to buy now. Jefferies Cautious on Adobe (ADBE) As It Updates Outlook on Software Sector Copyright: photogearch / 123RF Stock Photo On January 5, 2026, TheFly reported that Jefferies downgraded Adobe Inc. (NASDAQ:ADBE) from ‘Buy’ to ‘Hold’, while reducing its price target from $500 to $400. The update comes as part of the firm’s 2026 software sector “playbook.” The firm sees increasing competitive pressure in the lower-end segment. ...