Adobe Shares Under Pressure as Goldman Sachs Issues Sell Rating
12.01.2026 - 18:52:05
Wall Street’s sentiment toward Adobe is turning increasingly negative. In a significant move this week, Goldman Sachs downgraded the software giant’s stock to a “Sell” recommendation. This action highlights growing market concerns that competition from new artificial intelligence tools may pose a more substantial threat to the once-dominant market leader than previously anticipated, despite the company’s continued solid financial performance.
Goldman Sachs analyst Gabriela Borges has set a new price target of $290 for Adobe shares, representing a potential decline of approximately 14% from last Friday’s closing price. The central thesis behind the downgrade focuses on Adobe’s growth profile. With projected revenue and profit growth each around Read more...
