Adobe Earnings Preview: Traders Anticipate 7% Stock Swing Amid AI Concerns
Adobe shares face heightened volatility ahead of Thursday's earnings report, with options pricing suggesting a potential 7% move in either direction. The stock has declined 20% year-to-date as investors weigh competitive pressures and generative AI disruption risks.
Oppenheimer's January downgrade reflects broader software sector challenges, while Jefferies analysts see limited near-term catalysts for recovery. A positive earnings surprise could lift shares toward $293, while disappointment may push them below $255.