Adobe (ADBE) Stock; Falls Almost 2% as BMO Flags Rising Competition and Cuts Price Target

TLDRs; Adobe shares fell nearly 2% after BMO downgraded the stock, citing limited near-term catalysts and rising competitive pressure. The broker cut its price target, warning that alternative design platforms are gaining traction among students and small businesses. Generative AI is both empowering rivals and reshaping Adobe’s own product roadmap across Creative Cloud applications…
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