Adobe 陷入 AI “阶梯式增长”瓶颈，股价单日跌近 5%

鞭牛士01-05

AIPress.com.cn报道1月5日消息，知名投行杰富瑞（Jefferies）宣布下调 Adobe 的评级至“持有”，并给出了 400 美元的目标价。分析师警告称，虽然 Adobe 的 Creative Cloud 在专业设计师心中仍有不可替代的地位，但在低端市场，大批灵活且廉价的 AI 替代品正在“蚕食”它的基本盘。Adobe 的困境在于，虽然其 2025 年末的财报表现强劲，甚至在年度...

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