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Adobe shares downgraded due to AI-related challenges, says William Blair analyst

Analyst Insights
26 Mar 2026
Market Watch
View Source
Bearish
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William Blair analyst Arjun Bhatia downgraded Adobe's stock from outperform to perform, citing ongoing pressures from artificial intelligence developments that may negatively impact the company. While AI is not expected to devastate Adobe's business, it raises investor concerns that Bhatia believes won't be resolved soon. Adobe's stock has struggled this year amid these uncertainties, suggesting cautious investor sentiment ahead.

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