Adobe Inc. shares fell more than 5% on February 23, 2026. The stock reached a new 52-week low of $246.21 during intraday trading.
The company's valuation has declined over 43% during the past year. This performance continues to trail the broader technology sector.
Analysts attribute the downturn to a volatile macroeconomic environment. Increasing competition from AI-powered alternatives also threatens Adobe's traditional software-as-a-service (SaaS) business model.
Market sentiment reflects ongoing investor apprehension regarding future growth prospects. The sell-off occurred despite a lack of specific corporate announcements on the date.