Citi Cuts PT on Adobe Inc. (ADBE)
Key takeaways
- (NASDAQ:ADBE) also received a rating update from Freedom Broker on the same day.
- (NASDAQ:ADBE) is a global technology company that provides digital marketing and media solutions.
- While we acknowledge the potential of ADBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
Citi Cuts PT on Adobe Inc. (ADBE) Noor Ul Ain Rehman Mon, June 22, 2026 at 7:08 PM GMT+7 2 min read C ADBE Adobe Inc. (NASDAQ:ADBE) is one of the best AI software stocks to buy according to hedge funds. Citi cut the price target on Adobe Inc. (NASDAQ:ADBE) to $228 from $264 on June 12 and reaffirmed a Neutral rating on the shares, telling investors in a research note that the company reported “relatively solid” fiscal Q2 numbers. However, Citi pointed to “more signs of disruption” with an implied $500M cut in its fiscal 2026 organic annual recurring revenue outlook. The firm cut estimates post the earnings print.
Adobe Inc. (NASDAQ:ADBE) also received a rating update from Freedom Broker on the same day. The firm downgraded the stock to Hold from Buy, bringing the price target on the shares down to $250 from $510 and telling investors in a research note that the company’s growth quality shifted this quarter, as the acceleration was acquired rather than organic. It believes that the company is now in a “show-me phase” and added that management is deliberately trading near-term subscription revenue for top-of-funnel reach.
Adobe Inc. (NASDAQ:ADBE) is a global technology company that provides digital marketing and media solutions. The company’s operations are divided into the following segments: Digital Media, Digital Experience, and Publishing and Advertising.