Adobe's AI-Driven CXO Growth Strengthens Against CRM & Microsoft

Adobe is experiencing strong enterprise adoption of its Customer Experience Orchestration (CXO) portfolio, with AI-first ARR surging fourfold year-over-year and over 80% of AEP and AEM customers using agentic capabilities. However, the company faces significant competitive pressure from Salesforce's Agentforce and Microsoft's Agent 365 and Copilot offerings. Adobe stock trades at a discount valuation but carries a Zacks Rank #4 (Sell) rating.