Leadership Shakeup: CEO Shantanu Narayen to step down after 18 years; stock plunged ~8% in pre-market Friday.
Earnings Paradox: Adobe hit a record $6.4B revenue, yet the stock has plummeted ~23% in 2026 to a 3-year low.
Divided Outlook: Wall Street is split on Adobe's recovery, with target prices varying wildly from $300 to $510.
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