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Adobe, Salesforce and Intuit fall as Morgan Stanley begins cautious coverage

Tue, 21 Jul 2026 07:28:25 -0400

Investing.com -- Morgan Stanley took a mixed stance on software stocks Tuesday, growing bearish on Adobe and Workday even as it maintained an ’Attractive’ view on the sector overall.

Adobe fell 3.8% in premarket trading Tuesday, while Salesforce and Intuit slid 2.9% and 4.3%, respectively. Workday shares also dipped 4.2%.

Analysts led by Adam Wood started Adobe at Underweight with a $240 price target, citing concerns that the company faces multiple transitions at once. Adobe’s shift toward freemium pricing, along with changes in its CEO and CFO, and a move toward heavier AI reinvestment, "elongate the

Adobe, Salesforce and Intuit fall as Morgan Stanley begins cautious coverage

Tue, 21 Jul 2026 07:28:25 -0400

Investing.com -- Morgan Stanley took a mixed stance on software stocks Tuesday, growing bearish on Adobe and Workday even as it maintained an ’Attractive’ view on the sector overall.

Adobe fell 3.8% in premarket trading Tuesday, while Salesforce and Intuit slid 2.9% and 4.3%, respectively. Workday shares also dipped 4.2%.

Adobe, Salesforce and Intuit fall as Morgan Stanley begins cautious coverage

Tue, 21 Jul 2026 07:28:25 -0400

Investing.com -- Morgan Stanley took a mixed stance on software stocks Tuesday, growing bearish on Adobe and Workday even as it maintained an ’Attractive’ view on the sector overall.

Adobe fell 3.8% in premarket trading Tuesday, while Salesforce and Intuit slid 2.9% and 4.3%, respectively. Workday shares also dipped 4.2%.

Adobe, Salesforce and Intuit fall as Morgan Stanley begins cautious coverage

Tue, 21 Jul 2026 07:28:25 -0400

Investing.com -- Morgan Stanley took a mixed stance on software stocks Tuesday, growing bearish on Adobe and Workday even as it maintained an ’Attractive’ view on the sector overall.

Adobe fell 3.8% in premarket trading Tuesday, while Salesforce and Intuit slid 2.9% and 4.3%, respectively. Workday shares also dipped 4.2%.

Adobe, Salesforce and Intuit fall as Morgan Stanley begins cautious coverage

Tue, 21 Jul 2026 07:28:25 -0400

Investing.com -- Morgan Stanley took a mixed stance on software stocks Tuesday, growing bearish on Adobe and Workday even as it maintained an ’Attractive’ view on the sector overall.

Adobe fell 3.8% in premarket trading Tuesday, while Salesforce and Intuit slid 2.9% and 4.3%, respectively. Workday shares also dipped 4.2%.

Adobe, Salesforce and Intuit fall as Morgan Stanley begins cautious coverage

Tue, 21 Jul 2026 07:28:25 -0400

Investing.com -- Morgan Stanley took a mixed stance on software stocks Tuesday, growing bearish on Adobe and Workday even as it maintained an ’Attractive’ view on the sector overall.

Adobe fell 3.8% in premarket trading Tuesday, while Salesforce and Intuit slid 2.9% and 4.3%, respectively. Workday shares also dipped 4.2%.

Morgan Stanley Downgrades Adobe (ADBE) to Underweight

Tue, 21 Jul 2026 02:09:01 -0400

Morgan Stanley analyst Adam Wood downgraded Adobe (NASDAQ: ADBE) from Equalweight to Underweight with a price target of $240.00 (from $365.00).

The analyst comments: “Since moving to EW last fall (See Adobe Inc.: Haunted by What We Don't Know; Downgrade to Equal-weight), our thesis on Adobe was not that the company lacked urgency or innovation, but that the translation of that innovation into durable ARR acceleration had become increasingly difficult to underwrite as pools of Creative Cloud ARR became more exposed to GenAI substitution risk (and the relative difficulty in sizing this exposure across the base with any conviction). At the

Morgan Stanley Downgrades Adobe (ADBE) to Underweight

Tue, 21 Jul 2026 02:09:01 -0400

Morgan Stanley analyst Adam Wood downgraded Adobe (NASDAQ: ADBE) from Equalweight to Underweight with a price target of $240.00 (from $365.00).

Morgan Stanley Downgrades Adobe (ADBE) to Underweight

Tue, 21 Jul 2026 02:09:01 -0400

Morgan Stanley analyst Adam Wood downgraded Adobe (NASDAQ: ADBE) from Equalweight to Underweight with a price target of $240.00 (from $365.00).

CLSA Starts Adobe (ADBE) at Outperform (2)

Mon, 20 Jul 2026 02:40:54 -0400

CLSA analyst Bhavtosh Vajpayee initiates coverage on Adobe (NASDAQ: ADBE) with a Outperform (2) rating and a price target of $300.00.

The analyst comments: “Adobe tempts the contrarian in us. AI’s ability to create images has made Adobe an early marked victim of the new trend. Yet, the creative process is both long and convoluted, encapsulating copyright and layers of design steps, handovers, tweaks, formats and file types, fonts and colours. We suspect the narrative of AI disruption is overdone here, and metrics surprisingly support our hunch. Adobe has slowed, but all the slowing predates AI’s rise, and could merely have

CLSA Starts Adobe (ADBE) at Outperform (2)

Mon, 20 Jul 2026 02:40:54 -0400

CLSA analyst Bhavtosh Vajpayee initiates coverage on Adobe (NASDAQ: ADBE) with a Outperform (2) rating and a price target of $300.00.

Form 4 ADOBE INC. For: Jul 15 Filed by: Wadhwani David