
Analysts say Adobe’s (ADBE) AI tools are popular, but competition is intensifying

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Analysts are closely monitoring Adobe Inc. (NASDAQ:ADBE) as its AI tools gain popularity. However, Jefferies downgraded the stock from 'Buy' to 'Hold' on January 5, reducing the price target from $500 to $400. Despite the growing adoption of Adobe's AI tools, monetization remains limited due to increasing competition in the market.

