Wells Fargo cut target for Adobe stock to USD 225.00

Published on 10/19/2026 at 09:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adobe revenue reached USD 6.76 billion in fiscal third quarter, up 13.00 percent. Adobe stock costs EUR 219.18 on October 19, 2026, 0.50 percent above Xetra close.

Analyst pressure and operating growth

On October 12, 2026, Wells Fargo lowered Adobe's target to USD 225.00 from USD 270.00.
Fiscal third-quarter revenue reached USD 6.76 billion, up 13.00 percent year over year.
Adobe stock trades at EUR 219.18 at 9:23 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.50 percent above the Xetra close of October 16, 2026.
Adobe's next earnings date is December 9, 2026.

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Adobe Inc. (ISIN US00724F1012) was trading at EUR 219.18 at Lang & Schwarz on October 19, 2026 at 9:23 a.m. CEST, 0.50 percent above the Xetra close of October 16, 2026 (EUR 218.10). The latest analyst action came from Yahoo Finance, which reported on October 12, 2026 that Wells Fargo cut its rating to Underweight from Overweight and lowered its target to USD 225.00 from USD 270.00.

Adobe delivered double-digit growth

Adobe's fiscal third-quarter revenue reached USD 6.76 billion for the period ended August 28, 2026, an increase of 13.00 percent from the prior-year quarter, according to the company's Adobe filing. GAAP diluted earnings per share were USD 4.62, compared with USD 4.18 in the year-ago quarter, while operating income reached USD 2.35 billion.

The filing also showed total annualized recurring revenue of USD 27.50 billion at the quarter's end, up 11.20 percent year over year. Operating cash flow for the first nine months of fiscal 2026 was USD 7.646 billion, giving the growth story a substantial cash component.

Three events set the timeline

Adobe completed the Semrush acquisition for USD 1.87 billion on April 28, 2026, as disclosed in its quarterly filing. It reported fiscal third-quarter revenue of USD 6.76 billion on September 10, 2026, then Wells Fargo cut its target to USD 225.00 on October 12, 2026.

Why does the target cut matter?

The contrast is measurable: revenue grew 13.00 percent in the fiscal third quarter, while Wells Fargo's target fell by USD 45.00, or 16.67 percent, from USD 270.00. The concern centers on how quickly Adobe can convert AI adoption and free-user growth into paid recurring revenue. On Nasdaq, the stock was last at USD 245.20 on October 16, 2026 at 4:00 p.m. ET, against a 52-week range of USD 190.12 to USD 363.70.

Next reporting date

Adobe's next earnings date is December 9, 2026, according to Tickeron. That report will test whether the company's raised fiscal 2026 targets can offset the concerns reflected in the Wells Fargo downgrade.

Growth meets a lower valuation bar

Adobe's fiscal third-quarter figures still show expanding revenue, recurring revenue and cash flow, but the October 12 target cut places greater weight on monetization and execution. The share price remains well inside its USD 190.12 to USD 363.70 Nasdaq range, leaving the next earnings report as the clearest scheduled test of that debate. Adobe stock was trading at EUR 219.18 at Lang & Schwarz on October 19, 2026 at 9:23 a.m. CEST, 0.50 percent above the Xetra close of October 16, 2026 (EUR 218.10). The further course of trading is shown by the continuously updated real-time quote of Adobe stock.