# faces persistent downward pressure as AI-driven competition from Figma and Canva accelerates.

*business · news · 2026-04-06 · Seeking Alpha*

## Key points

- Adobe's valuation has dropped to just over 10x forward earnings, a significant decline.
- AI-driven competition from Figma and Canva is accelerating, directly impacting Adobe's growth multiples.
- Management uncertainty has increased with CEO Narayen's exit and unresolved margin sustainability questions.
- Adobe's ability to monetize AI remains unclear, contributing to ongoing investor skepticism.

**Companies:** Adobe Inc., Figma, Canva

[Read the full story on Seeking Alpha](https://seekingalpha.com/article/4888743-adobe-stop-the-wishful-thinking-and-face-the-reality)

---

Canonical: https://newsio.io/n/50a7600d-275a-42f2-9a16-10a559044358/faces-persistent-downward-pressure-as-ai-driven-competition-from-figma-and-canva
Summarized by Newsio from Seeking Alpha. https://newsio.io/how-it-works