New York, Feb 16, 2026, 14:38 EST — Market closed
- Adobe edged up 0.6% to close at $263.97 on Friday. U.S. markets will be shut Monday for Presidents Day.
- On Feb. 12, the stock slipped to a new 52-week low, still feeling the weight of the “AI disruption” trade in the software sector.
- Attention shifts to Tuesday’s market reopening, with a busy slate of U.S. data on deck and Adobe’s next earnings up in March.
Adobe (ADBE.O) ticked up 0.6% to finish at $263.97 on Friday, the last trading session before the U.S. Presidents Day holiday shuttered markets Monday. 1
Not much action on Monday. Investors are still watching as the chart drifts lower, with Adobe’s shares touching a 52-week low of $251.10 back on Feb. 12. By Friday, the stock had clawed back only about 5% from that mark. 2
It’s not just Adobe feeling the pressure. Worries about “AI disruption” have sent investors scrambling out of software stocks that could be hit by automation, hammering Adobe and its rivals in the process. 3
Barclays equity strategist Emmanual Cau told Reuters the broader “AI scare” trade has investors acting fast, saying, “Investors remain in ‘sell first think later’ mode.” 3
Adobe shares added $1.43 by Friday’s close—a modest lift after tech-heavy indexes chopped around all week heading into the holiday break. 4
Adobe hit its low on Feb. 12, capping a stretch of declines that dragged the stock well beneath last year’s peak—while the rest of the market churned on shifting rate-cut expectations and flurries of AI news. 5
Adobe, aiming to set the tone for what comes next, has pointed to its fiscal 2026 goals. “For FY 2026, we’re targeting total Adobe revenue of $25.9 billion to $26.1 billion,” the company said in prepared comments during its most recent earnings call. 6
Timing remains the sticking point for markets. Investors are looking for clear evidence that generative AI features are already driving up prices and demand—not just promises for the future. When that case isn’t convincing, software stocks take a hit. 7
But there’s risk on the flip side too. Should AI tools drive down creative software prices more rapidly than Adobe anticipates, or if customers hold off on upgrades, that upbeat guidance starts to look stretched—and the stock could be back near its February lows in short order.
Trading picks up again Tuesday, with eyes on Adobe and a busy macro calendar. U.S. retail sales land that day, and Wednesday brings the Federal Reserve’s meeting minutes—both seen as potential catalysts for tech names sensitive to rates. 8
Adobe’s next major test is earnings. According to Wall Street calendars, the company is expected to report on March 12—though that date isn’t set in stone, and traders are still waiting for any confirmation. 9
