24/7 Wall Street
13 Oct 2026, 12:45 UTC · 2h ago
Adobe is Being Punished for a Creative Cannibalization Threat That Isn't Real
Impact · against what's priced in
The article provides no new catalysts for ADBE, as the tension between triple-digit AI growth and slowing legacy ARR is already the central driver of the current valuation. The market's skepticism regarding AI cannibalization and the leadership transition are fully baked into the forward P/E of 9.
- ADBE+0.00
Already priced in
- The price assumes
Revenue growth decelerating from the recently delivered 10.5% down to roughly flat or slightly negative
The article confirms the market's bearishness by citing a target ending ARR growth of just 10.2% and analyst concerns over 'meaningful cracks' and seat-volume weakness.
What ADBE's price assumes · Sep 11
