Adobe Faces Mounting Downgrades as William Blair Questions Cuts Its Rating

What: Adobe faces mounting downgrades as William Blair cuts its rating.
Why: William Blair downgraded Adobe from Outperform to Market Perform, citing concerns over slowing growth.
Signal: This downgrade is the third in two weeks, with other firms also reducing their targets.
Target: William Blair lowered its price target to $**450** from $**525**.
Risk: Adobe's stock price has fallen **12%** since the start of the year, and could continue to decline if downgrades persist.