Back to today’s briefing

Story perspectives

Adobe Struggles as AI Competitors Emerge, Stock Drops

9/30/2025

34 7

Summary

Story summary

Adobe faces competition from generative AI players Figma and Canva, prompting Morgan Stanley to cut its price target.
Analysts question Adobe's ability to monetize AI advances as the stock drops 18% this year.
Even with a better-than-expected earnings report, Adobe's annual recurring revenue is declining.
Pew Research Center polling shows AI interest waning, with many saying it harms creativity.

1 of 1

Story summary

Adobe faces competition from generative AI players Figma and Canva, prompting Morgan Stanley to cut its price target.
Analysts question Adobe's ability to monetize AI advances as the stock drops 18% this year.
Even with a better-than-expected earnings report, Adobe's annual recurring revenue is declining.
Pew Research Center polling shows AI interest waning, with many saying it harms creativity.