Why Are Adobe Shares Sliding On Friday?

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Adobe (ADBE) shares are falling on Friday following a downgrade from William Blair analyst Arjun Bhatia due to growing concerns about the software sector and potential AI-driven disruption to traditional SaaS models. The stock is also facing technical headwinds, trading significantly below its moving averages, and is near its 52-week low. Furthermore, Google’s Stitch redesign poses a competitive threat, especially after its recent unveiling caused a dip in Adobe shares on March 18.

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