🔴 Adobe is trading 4.4% down today as AI fears and leadership exits trigger analyst downgrades

Adobe is trading at $220.38 (4.4% down) as investors continue to react to Q2 2026 earnings and mounting concerns regarding generative AI competition.

• Markets are increasingly worried that generative AI could erode demand for core Creative Cloud products, leading to multiple analyst downgrades and lowered price targets.
• Significant leadership turnover is weighing on investor sentiment, following the announced departure of the CFO and a planned exit for the CEO.