-Adobe sinks to near two-year low after Q2 revenue forecast

• March 13, 2025

** Shares of Photoshop maker Adobe ADBE fall as much as 13.2% to a near two-year low of $380.71

** ADBE late on Wednesday forecast second-quarter revenue that was in line with estimates as it grapples with slower monetization of its artificial intelligence offerings while facing tough competition from startups

** At least 15 brokerages cut their PTs on stock after the results

** Co expects Q2 revenue between $5.77 billion and $5.82 billion, in line with estimates according to data compiled by LSEG

** ADBE fell 13.7% on December 12 after it issued a downbeat annual revenue forecast; Shares are down ~33% in past 12 months