Morgan Stanley Downgrades Adobe, Salesforce as 12-Plus 2026 Cuts Signal AI Threat
Updated
Updated · Bloomberg · Jul 21
Morgan Stanley Downgrades Adobe, Salesforce as 12-Plus 2026 Cuts Signal AI Threat
3 articles · Updated · Bloomberg · Jul 21
Summary
Morgan Stanley cut Adobe and Salesforce, adding to a widening Wall Street retreat from software stocks over fears AI could weaken their competitive edge and growth.
Adobe has drawn at least five downgrades since the start of June from firms including Stifel, Evercore ISI, Wolfe Research and Phillip Securities.
More than a dozen firms have downgraded Adobe in 2026, marking the heaviest wave of negative calls on the stock in years.
The latest cuts underscore how AI disruption fears are spreading across the software sector, not just hitting one company.