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Adobe: Is the Stock’s 33% Price Target Cut a Turning Point or an Overreaction?

Pelican Press

By Pelican Press,
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(NASDAQ:) Inc. shares tumbled 4.59% to $374.11 in Wednesday trading following a significant downgrade from Redburn-Atlantic, which cited growing concerns about artificial intelligence eroding the company’s competitive moat. The software giant, known for its Creative Cloud suite and digital media tools, faces mounting pressure from generative AI platforms that are reshaping the content…

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