Oppenheimer downgrades Photoshop maker Adobe (ADBE.O) to “perform” from “outperform”
ADBE down marginally premarket Brokerage notes co’s digital media business will slow further in FY25, due to “a challenging operating environment during the AI technology transition leading to uninspiring and decelerating top-line growth”
Average rating of 40 analysts is “buy”; median PT is $417.50 - data compiled by LSEG
In 2025, ADBE fell 21.3%

ADBE

- Oppenheimer has downgraded Adobe (ADBE.O) to "perform" from "outperform" due to expected slower growth in its digital media business during FY25.  
- The brokerage cites a challenging operating environment affected by the transition to AI technology, which may lead to uninspiring growth.  
- Despite this downgrade, the average rating from 40 analysts remains a "buy," with a median price target of $417.50.

BUZZ-Oppenheimer cuts Adobe to 'perform' on slowing digital media growth