Wells Fargo cuts Adobe to Underweight and target to USD 225; Adobe stock after-hours at EUR 213.05
Published on 10/12/2026 at 22:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Wells Fargo downgraded Adobe to Underweight from Equal Weight.
- The firm cut its price target to USD 225 from USD 270.
- Adobe stock traded after-hours at EUR 213.05 at Lang & Schwarz.
On October 12, 2026, Wells Fargo downgraded Adobe to Underweight from Equal Weight and cut its price target to USD 225 from USD 270, according to Yahoo Finance. The brokerage questioned the quality of Adobe's projected 10.2 percent full-year annual recurring revenue growth and estimated that organic net new annual recurring revenue declined by more than 40 percent in the third quarter.
Adobe stock traded after-hours at Lang & Schwarz at EUR 213.05 on October 12, 2026, at 10:29 p.m. CEST. The quote showed a bid of EUR 212.45 and an ask of EUR 213.65.
Trading range and market context
The NASDAQ Composite stood at 27,245.90 on October 12, 2026, down 120.27 points, or 0.44 percent, based on finance-market data timestamped at 10:00 p.m. CEST. The further course of after-hours trading at Lang & Schwarz until 11:00 p.m. CEST is shown by the continuously updated real-time quote of Adobe Inc. stock.
Wells Fargo changes its view
Wells Fargo said Adobe's growth profile showed increasing pressure, citing the need for nearly twice as much net new annual recurring revenue in the fourth quarter to meet its full-year targets. The report also pointed to competitive pressure and challenges in converting recurring revenue growth into results.
Tomorrow, Adobe stock will enter the next regular trading session.
Market context: Market report Nasdaq Composite.
