Wall Street Zen downgraded Adobe's stock from "buy" to "hold" on December 14, 2025.
This action reflects a broader cooling of sentiment among analysts. The current consensus rating for Adobe is "Hold," and the downgrade follows several other firms recently lowering their price targets.
The rating change occurred despite Adobe reporting strong fiscal 2025 results on December 10th. The company posted a 10% revenue increase for the fiscal year, with both revenue and earnings per share beating analysts' expectations.
However, investors continue to weigh the narrative that the rise of artificial intelligence could disrupt the company's core business. This concern has pressured the stock throughout the year.