Adobe Inc. (NASDAQ:ADBE) downgraded by Morgan Stanley analyst Keith Weiss from Overweight to Equalweight on September 24, citing slower AI monetization. Price target lowered to $450.00 from $520.00. Revenue growth has not met expectations despite rapid AI feature rollout. Direct AI monetization has been slower than anticipated as Adobe prioritized adoption. Uncertainty remains on how GenAI advancements will impact business. Competitive pressure from Meta and Google could pose challenges. Analysts still see potential in Adobe’s core strengths and AI capabilities, but believe near-term catalysts are limited.

Read more at Yahoo Finance: Adobe (ADBE) Stock Downgraded at Morgan Stanley on Slower AI Monetization