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Morgan Stanley Downgrades Adobe Inc. (ADBE) but Confident of GenAI Monetization Abilities

Adobe Inc. (NASDAQ:ADBE) is one of the cheap AI stocks to buy right now. On September 24, Morgan Stanley downgraded the stock to an Equal-weight from Overweight and also cut the price target to 450from450 from 520. Despite the price cut, the stock boasts significant upside potential. Morgan Stanley Downgrades Adobe Inc. (ADBE) but Confident of GenAI Monetization Abilities Copyright: photogearch / 123RF Stock Photo According to the investment bank, Adobe faces uncertainty over its inability to prove that gene ...