Is Michael Burry buying Adobe shares?

Yes, according to an Insider Monkey report, Adobe is one of 9 stocks Burry is currently betting on.

What was Mizuho's previous rating for Adobe?

The previous rating was Outperform before being downgraded to Neutral.

What is the potential upside according to the price target?

The potential upside is about 7.9% from current trading levels.

Burry Backs Adobe Despite Analyst Downgrade to Neutral

Michael Burry, the investor known for his big bets, takes a position in Adobe (ADBE) despite a Mizuho analyst downgrading the stock to Neutral with a $270 price target.

By: Wrqti Editorial

May 12, 2026

2 min read

Source: Insider Monkey

Key Numbers

target price

$270

upside

7.9%

Michael Burry, the famed investor who bet against the housing market in 2008, appears to be placing his confidence in Adobe Inc. (NASDAQ:ADBE). According to a report by Insider Monkey, Adobe is one of 9 stocks Burry is currently betting on.

Rating Change

On April 27, Mizuho analyst Gregg Moskowitz downgraded Adobe stock from Outperform to Neutral, setting a price target of $270. This target implies only a 7.9% upside from current trading levels.

Analyst's Rationale

The report did not specify the exact reasons for the downgrade, but the cautious stance suggests the analyst sees limited near-term upside.

Context

While the analyst takes a cautious view, Burry's bet on Adobe reflects a different confidence. Burry manages Scion Asset Management and is known for contrarian moves. Adobe, known for software like Photoshop and Acrobat, faces growth challenges amid increasing competition in artificial intelligence.

What to Make of It

The conflicting views between analysts and major investors like Burry create uncertainty around Adobe stock. While the analyst sees the stock as fairly valued, Burry may be betting on long-term growth potential. Investors are encouraged to assess risks and opportunities based on their investment horizon.

Frequently Asked Questions

Mizuho analyst set a price target of $270 for Adobe stock, downgrading it to Neutral.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.