Wells Fargo cuts Adobe target to USD 225 for Adobe stock

Published on 10/26/2026 at 15:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue reached USD 6.76 billion, up 13.00 percent. Adobe stock costs EUR 234.00 on October 26, 2026, down 1.02 percent versus the Xetra close.

Wells Fargo target reset

Wells Fargo cut Adobe's target to USD 225.00 from USD 270.00 on October 12, 2026.
Fiscal third-quarter revenue reached USD 6.76 billion, up 13.00 percent year over year.
Adobe stock costs EUR 234.00 at Lang & Schwarz on October 26, 2026 at 3:36 p.m. CEST, down 1.02 percent versus the Xetra close of October 23, 2026.
Adobe is scheduled to report its next results on December 9, 2026.

Adobe Inc., US00724F1012, Illustration mit AI erstellt.

Wells Fargo analyst Michael Turrin downgraded Adobe from Overweight to Underweight and cut his price target from USD 270.00 to USD 225.00 on October 12, 2026, as Markets Insider reported. The target was 13.60 percent below Adobe's USD 260.42 Nasdaq quote at 10:44 a.m. ET on October 26, 2026. Adobe stock was trading at EUR 234.00 at Lang & Schwarz on October 26, 2026 at 3:36 p.m. CEST, down 1.02 percent versus the Xetra close of October 23, 2026 at EUR 236.40.

Revenue growth stays measurable

Adobe reported fiscal third-quarter revenue of USD 6.76 billion for the period ended August 28, 2026, up 13.00 percent from the year-earlier quarter. GAAP diluted earnings per share reached USD 4.62, while adjusted earnings per share came to USD 6.13, up 15.00 percent year over year, according to the Yahoo Finance transcript. Operating profit was USD 2.354 billion and operating margin was 34.78 percent in that quarter.

Adobe stock sits below its yearly high

The Nasdaq quote of USD 260.42 was 28.40 percent below Adobe's 52-week high of USD 363.70 and 36.98 percent above its 52-week low of USD 190.12 on October 26, 2026. Market capitalization stood at USD 101.4 billion, while trading volume reached 669,770 shares at 10:44 a.m. ET. The primary-market price and the German euro quotation describe separate venues and are not combined into one daily move.

Valuation and the next reporting date

Adobe traded at a trailing price-to-earnings ratio of 14.60 on Nasdaq on October 26, 2026. The next earnings release is scheduled for December 9, 2026, according to Trefis. That date gives investors a defined checkpoint for the fourth-quarter outlook and the company transition.

Comparison with peers

Adobe: down 1.02 percent, P/E 14.60, market capitalization USD 101.4 billion.

Salesforce (NYSE, USD): down 0.45 percent, P/E 22.64, market capitalization USD 203.6 billion.

Intuit (Nasdaq, USD): down 0.95 percent, P/E 20.64, market capitalization USD 90.9 billion.

Adobe stock and its current position

Adobe combines a lower trailing valuation with double-digit fiscal third-quarter revenue growth, while Wells Fargo's USD 225.00 target remains below the latest Nasdaq quote. The company is scheduled to report on December 9, 2026.

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