Adobe stock trades 0.48 percent below Xetra close as Wells Fargo cuts target
Published on 10/18/2026 at 17:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst action and trading dates
- Wells Fargo cut Adobe's target to USD 225.00 from USD 270.00 on October 12, 2026.
- Adobe stock trades in weekend trading at Lang & Schwarz at EUR 217.05 at 5:43 p.m. CEST on October 18, 2026, 0.48 percent below the Xetra close of October 16, 2026.
- The next Xetra session is scheduled for October 19, 2026.
Adobe stock trades in weekend trading at Lang & Schwarz at EUR 217.05 at 5:43 p.m. CEST on October 18, 2026, 0.48 percent below the Xetra close of October 16, 2026. Wells Fargo cut its target for Adobe to USD 225.00 from USD 270.00 on October 12, 2026, according to Yahoo Finance.
Adobe's latest reported quarter included record revenue of USD 6.76 billion, according to the earnings release cited by Yahoo Finance. The company said Chief Executive Shantanu Narayen will hand the role to Anil Chakravarthy on December 1, 2026.
The week in figures
The Lang & Schwarz weekend price is EUR 217.05. The comparison base is the Xetra close of EUR 218.10 on October 16, 2026, leaving the current indication 0.48 percent lower.
The further course of weekend trading at Lang & Schwarz until 7:00 p.m. CET/CEST is shown by the continuously updated real-time quote of Adobe Inc. stock.
Chronology of the week
On October 12, 2026, Wells Fargo downgraded Adobe to Underweight from Overweight and lowered its price target to USD 225.00 from USD 270.00, Yahoo Finance reported. The report also discussed Adobe's freemium strategy and the planned December 1, 2026 leadership transition.
Dates of the coming week
The next Xetra session is scheduled for October 19, 2026. Adobe's leadership transition is scheduled for December 1, 2026, according to the report cited above.
Market context: Market report Nasdaq Composite.
