HSBC Reduces PT on Adobe Inc. (ADBE) Stock

On February 13, HSBC reduced its terms nonsubjective connected the company’s banal to $302 from $388, portion keeping a “Hold” rating, arsenic reported by The Fly. As per the firm, determination are competitory risks for Adobe Inc. (NASDAQ:ADBE) from the AI-powered tools, which endanger to commoditize its halfway originative franchise.

In a abstracted release, Piper Sandler downgraded Adobe Inc. (NASDAQ:ADBE)’s banal to “Neutral” from “Overweight” with a price nonsubjective of $330, down from the anterior people of $470. Notably, the steadfast believes that the seat-compression arsenic good arsenic vibe coding narratives mightiness bounds the multiple.

Earlier, Gabriela Borges from Goldman Sachs downgraded the company’s banal from “Buy” to “Sell” with a terms nonsubjective of $290. Notably, the steadfast highlighted the concerns related to the imaginable scenarios successful which Adobe Inc. (NASDAQ:ADBE)’s EPS maturation mightiness witnesser further pressure.

Adobe Inc. (NASDAQ:ADBE) operates arsenic a exertion company. The company’s customers usage its integrated Creative Cloud, Document Cloud, and Experience Cloud solutions.

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