BUZZ-BMO downgrades Adobe to 'market perform' on increased competition

-2.62%

Adobe Systems Incorporated

ADBE

296.12

-2.62%

** BMO downgrades Photoshop creator Adobe ADBE.O to "market perform" from "outperform"

** Brokerage cuts PT to $375 from $400, still implying an upside of 10.6% to the stock's last close

** Co's shares down marginally premarket

** BMO's seventh Creative Cloud survey finds increased competition in creative market, "particularly in smaller businesses, students, and freelancers"

** Avg rating of 40 analysts is "buy;" their median PT is $422.50 - data compiled by LSEG

** ADBE fell 21.3% in 2025

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))

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