New York, Feb 16, 2026, 14:38 EST — Market closed
- Adobe ended Friday up 0.6% at $263.97, with U.S. markets closed Monday for Presidents Day.
- The stock hit a fresh 52-week low on Feb. 12 and remains under pressure from an “AI disruption” trade in software.
- Focus turns to Tuesday’s reopening and a week packed with U.S. data, plus Adobe’s next earnings window in March.
Adobe (ADBE.O) shares last closed at $263.97, up 0.6% on Friday, before U.S. markets shut for the Presidents Day holiday on Monday. (AP News)
The quiet Monday leaves investors staring at a chart that has been sliding toward fresh lows. Adobe set a 52-week low of $251.10 on Feb. 12 and finished Friday about 5% above that level. (Investing)
That matters because the selling has not been isolated to Adobe. A wave of “AI disruption” anxiety has pushed investors to dump software names seen as vulnerable to automation, dragging Adobe and peers along with it. (Reuters)
“Investors remain in ‘sell first think later’ mode,” Barclays equity strategist Emmanual Cau said in a Reuters report on the broader “AI scare” trade. (Reuters)
Adobe’s stock ended Friday up $1.43 from the prior close, but it was a small bounce after a jagged week for tech-heavy indexes ahead of the long weekend. (Reuters)
For Adobe specifically, the low on Feb. 12 came after a run of losses that left the stock far below last year’s highs, even as broader markets have whipsawed around rate-cut bets and AI headlines. (MarketWatch)
The company has tried to anchor expectations with its fiscal 2026 targets. “For FY 2026, we’re targeting total Adobe revenue of $25.9 billion to $26.1 billion,” prepared remarks from Adobe’s latest earnings call showed. (Adobe)
Still, the market’s problem is timing. Investors want cleaner proof that generative AI features lift pricing and demand now, not just someday, and they have punished software valuations when that story feels thin. (Barron’s)
But the risk cuts both ways. If AI tools squeeze creative software pricing faster than expected, or customers delay upgrades, Adobe’s guidance could look optimistic and the stock could retest February’s lows quickly.
When trading resumes on Tuesday, attention will split between Adobe and the macro tape. U.S. retail sales are due Tuesday, and minutes from the Federal Reserve’s latest policy meeting are expected Wednesday — both potential jolts for rate-sensitive tech stocks. (Scotiabank)
For Adobe, the next hard catalyst is earnings. Wall Street calendars peg its next report for March 12, though timing can shift, and traders will watch for any update that pins it down. (Zacks)
