Adobe Stock Plunges 3.33% Amid Bearish Sentiment

On June 13, 2025, Adobe's stock experienced a significant drop of 3.33% in pre-market trading, reflecting investor concerns and market sentiment.

Citigroup maintained a neutral rating for Adobe, setting a target price of $465.00. This rating suggests a cautious outlook, indicating that while the company has potential, there are also risks that investors should be aware of.

Morgan Stanley released a report highlighting Adobe's attractive valuation and the long-term potential of its pricing strategy and generative AI (GenAI). The firm maintained an "overweight" rating with a target price of $510, emphasizing that discussions around GenAI's positioning and competition, along with related headlines, are unlikely to subside in the short term. The key to alleviating bearish sentiment lies in changing the direction of earnings per share (EPS) growth.