🔴 Adobe is trading 3% down today amid analyst downgrades

ADBE is trading -3.21% at $317.14 after Goldman Sachs initiated coverage with a Sell rating and a $290 target.

• Goldman Sachs cited specific concerns regarding weak subscription growth and AI monetization challenges.
• Oppenheimer downgraded the stock to Market Perform today, following a cut by BMO last week on competition concerns.
• The move aligns with a mildly lower market (S&P 500 -0.28%) and general pre-CPI caution.