ADBE Stock Warning: Why This Analyst Just Cut His Price Target on Adobe

Software and solutions provider Adobe (ADBE) is under scrutiny amid a selloff in software stocks driven by fears over artificial intelligence (AI). Following the latest quarterly earnings, analysts at Citigroup maintained a “Neutral” rating but lowered the price target from $315 to $278, reflecting a change in market perspectives. While Citi analyst Tyler Radke noted Adobe’s earnings beat, the slight slowdown in annualized recurring revenue (ARR) has raised concerns among analysts. Adding to the uncertai ...