Adobe (ADBE) rose to $264.79 (+0.87%) as the market weighs recent analyst downgrades fueled by AI disruption fears against the company's strong quarterly revenue and optimistic 2026 growth targets.
- Melius Research and Goldman Sachs have issued Sell ratings with price targets of $270 and $290, respectively, citing concerns over potential competition and weaker growth compared to industry peers.
- Despite a 23% year-to-date decline, the company reported $6.19 billion in December quarter revenue (+10% YoY) and maintains a double-digit ARR growth target for 2026.
- The stock closed at $262.50 on February 12, marking a 2.08% increase from the previous session.