Adobe Shares Slide Following CFO Exit and ARR Warnings
Adobe Inc. (ADBE) is facing downward pressure from Wall Street analysts following a double-whammy of negative news. The software giant saw multiple brokerage downgrades after reporting disappointing Annual Recurring Revenue (ARR) projections and the surprise announcement that CFO Dan Durn will be stepping down. Investors are expressing concerns over slowing growth in its core Creative Cloud segment and competitive headwinds, leading several firms to trim their price targets as market sentiment shifts.