Adobe’s stock surged 4.12% on October 21, 2025, closing at $357.55, following a strong week of gains despite a Morgan Stanley downgrade and lingering concerns about slower-than-expected AI feature monetization[1]. The company’s latest earnings beat expectations, but some investors remain cautious due to lowered future guidance, reflecting polarized views on Adobe’s growth trajectory[1]. No major company-specific news broke on October 22, 2025; the stock’s recent rally appears driven by broader market optimism and a lack of negative catalysts, rather than a single transformative event[1].