Adobe (ADBE) Stock Downgraded at Morgan Stanley on Slower AI Monetization
Adobe Inc. (NASDAQ:ADBE) is one of the AI Stocks in the Spotlight This Week. On September 24, Morgan Stanley analyst Keith Weiss downgraded the stock from Overweight to Equalweight driven by slower AI monetization. It holds a price target of 520.00) on the stock. Analysts at Morgan Stanley stated that they had previously been bullish on the stock expecting GenAI to accelerate growth in its Digital Media Business. However, Adobe’s revenue growth has failed to keep up the pace despite rollin ...