Adobe stock: Wells Fargo cuts target to USD 225 from USD 270 for Adobe stock

Published on 10/23/2026 at 16:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adobe booked USD 6.76 billion in its fiscal third quarter. Adobe stock costs EUR 238.45 on October 23, 2026, down 0.77 percent versus the Xetra close.

Wells Fargo target cut

Wells Fargo cut Adobe's target from USD 270.00 to USD 225.00 on October 12, 2026.
Adobe booked USD 6.76 billion in fiscal third-quarter revenue, up 13.00 percent year over year.
Adobe stock costs EUR 238.45 at Lang & Schwarz on October 23, 2026 at 4:04 p.m. CEST, 0.77 percent below the Xetra close of October 22, 2026.
Adobe's next earnings date is December 9, 2026.

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Adobe Inc. (ISIN US00724F1012) faces a lower analyst target after Wells Fargo cut its view from USD 270.00 to USD 225.00 on October 12, 2026. According to TheStreet, analyst Michael Turrin also downgraded Adobe from Overweight to Underweight. Adobe stock was trading at EUR 238.45 at Lang & Schwarz on October 23, 2026 at 4:04 p.m. CEST, down 0.77 percent versus the Xetra close of October 22, 2026 at EUR 240.30.

Revenue growth remains measurable

Adobe's fiscal third-quarter revenue reached USD 6.76 billion, an increase of 13.00 percent from the year-earlier period. Adjusted earnings per share came to USD 6.13, compared with USD 5.31 in the same quarter a year earlier, according to TheStreet. The figures show that Adobe still combines double-digit sales growth with a sizeable earnings base, even as the analyst debate has shifted toward future conversion of free users.

Stock sits inside a wide range

On the Nasdaq, Adobe last traded at USD 266.89 on October 23, 2026 at 10:13 a.m. ET. Its 52-week range was USD 190.12 to USD 363.70, while reported volume stood at 578,404 shares at that time. The current Nasdaq price was down 1.35 percent on the session, a separate home-market move from the euro quotation.

Valuation and the next date

Adobe's price-to-earnings ratio was 14.92 and its market capitalization was USD 103.9 billion as of October 23, 2026 at 10:13 a.m. ET. Adobe's next earnings date is December 9, 2026, according to Yahoo Finance.

Comparison with peers

Adobe Inc.: down 1.35 percent, price-to-earnings ratio 14.92, market capitalization USD 103.9 billion.

Salesforce, Inc. (NYSE, USD): down 1.69 percent, price-to-earnings ratio 22.46, market capitalization USD 202.5 billion.

Microsoft Corporation (NASDAQ, USD): up 0.42 percent, price-to-earnings ratio 29.16, market capitalization USD 3.9 trillion.

What the target cut changes

Wells Fargo's USD 225.00 target is the clearest near-term counterweight to Adobe's fiscal third-quarter growth figures. For investors, the tension is numerical: revenue rose 13.00 percent, yet the stock's home-market valuation is below Microsoft's and Salesforce's.

Adobe was trading at EUR 238.45 at Lang & Schwarz on October 23, 2026 at 4:04 p.m. CEST, 0.77 percent below the Xetra close of October 22, 2026 at EUR 240.30.

The further course of trading is shown by the continuously updated real-time quote of Adobe stock.