Mizuho Downgrades Adobe Stock and Lowers Price Target for 2026
Mizuho Financial downgraded Adobe (ADBE) to Neutral from Outperform and lowered its price target to $270 from $315, citing increased competition from AI-native platforms and lower-cost creative tools. The move reflects concerns over Adobe's position in the AI disruption trade, especially as its stock has declined by about 31% year-to-date.
Tickers: $ADBE
Topics: Adobe AI disruption analyst downgrade Mizuho stock price target