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Citi: Slashes Adobe's Target Price to $366 Amid Concerns of Digital Media Growth Slowdown
2025-12-04 /
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Author：小编
On December 4, 2025, Citi made a significant adjustment, cutting Adobe's target price from $400 down to $366. This move came even though Citi had initially expected Adobe to deliver fourth-quarter results that would surpass market expectations. However, a red flag has been raised. Adobe's recent choice to cease reporting the annualized recurring revenue figures for its 'Document Cloud' service has sparked concerns. Such a decision could potentially be an indicator that the growth momentum of Adobe's digital media business is starting to wane.
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