Wells Fargo cuts Adobe target to USD 225.00: Adobe stock pre-market at EUR 213.13
Published on 10/13/2026 at 08:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Adobe stock was at EUR 213.13 pre-market at Lang & Schwarz on October 13, 2026.
- Wells Fargo downgraded Adobe from Equal Weight to Underweight on October 12, 2026.
- Wells Fargo lowered its price target to USD 225.00 from USD 270.00.
Wells Fargo downgraded Adobe from Equal Weight to Underweight and cut its price target from USD 270.00 to USD 225.00 on October 12, 2026, according to Yahoo Finance. Adobe stock was at EUR 213.13 pre-market at Lang & Schwarz on October 13, 2026, at 8:30 a.m. CEST.
Pre-market price
The Lang & Schwarz indication was EUR 213.13 at 8:30 a.m. CEST on October 13, 2026. The further course from the Xetra open at 9:00 a.m. CEST is shown by the continuously updated real-time quote of Adobe stock.
What matters today
Wells Fargo’s rating action was dated October 12, 2026. Adobe’s Lang & Schwarz pre-market indication was EUR 213.13 at 8:30 a.m. CEST. Wells Fargo’s revised price target was USD 225.00, down from USD 270.00.
Analyst action
Yahoo Finance reported that Wells Fargo cut Adobe’s rating by two notches, citing concerns about deteriorating underlying growth. The report said Wells Fargo questioned 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.
Market context: Market report Nasdaq Composite.
