Oppenheimer downgraded ADBE today and the stock got hit pretty hard.
As someone already holding Adobe, I’m hoping this ends up being one of those analyst overreactions rather than something fundamentally broken.
They cited slower software growth and limited near-term catalysts, but Adobe still dominates its space and prints cash.
Feels like sentiment flipped fast.
Curious if anyone is buying here or if this is just a value trap and there’s more downside ahead.