ADBE Stock On Track To Hit 8-Year Lows – Wall Street Flags Concerns About AI Monetization After Adobe Pushes For ‘Freemium’ Services
Wall Street largely scaled down its valuation of Adobe, citing near-term overhangs related to the management transition and a focus on customer acquisition, including deferrals of price increases for certain products. Jefferies said that while Adobe’s push for customer acquisition is likely the right strategy, it leaves AI monetization unanswered. Bernstein lowered its price target … Read more