Adobe falls as Oppenheimer cuts to 'perform' on slowing digital media growth
ReutersJan 13, 2026 7:18 PM
Photoshop maker Adobe's ADBE.O shares fall 5.9% to $308.40
Oppenheimer downgrades to "perform" from "outperform"
Brokerage notes co's digital media business will slow further in FY25, due to "a challenging operating environment during the AI technology transition leading to uninspiring and decelerating top-line growth"
Average rating of 40 analysts is "buy"; median PT is $417.50 - data compiled by LSEG
In 2025, ADBE fell 21.3%
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