ADBE Stock Drops After Morgan Stanley Downgrade – Sees ‘Cleaner Growth And AI Monetization Elsewhere’
The brokerage said Adobe faces rising execution risks as it navigates multiple strategic transitions simultaneously. Morgan Stanley downgraded Adobe despite the company recently posting record revenue and raising its full-year guidance. The firm also slashed its price target on ADBE’s stock by 34%. Retail traders on Stockwits questioned the downgrade, with many stating the selloff … Read more