Bearish
Adobe's stock drops 5% after Morgan Stanley downgrades to 'Underweight'
Adobe's stock experienced a 5% decline following a downgrade by Morgan Stanley to 'Underweight,' citing concerns over overlapping strategic transitions and slower growth. Despite this, Adobe's recent quarterly results showed earnings per share of $5.96 and revenue of $6.62 billion, both surpassing estimates.
Key points
- Morgan Stanley downgrades Adobe to 'Underweight,' citing strategic and growth concerns.
- Adobe's Q2 2026 earnings beat estimates, with EPS of $5.96 and revenue of $6.62 billion.
- Despite the downgrade, Adobe continues its $25 billion share repurchase program.
Sources
AI-generated from public news sources. Not financial advice.
