Bearish
Adobe's stock drops 4% after Wells Fargo downgrades to 'Underweight'
In the past 24 hours, Adobe's stock declined by 4% following a downgrade by Wells Fargo to 'Underweight' with a $225 price target. This downgrade reflects concerns over Adobe's growth prospects amid increasing competition from AI-driven creative tools.
Key points
- Wells Fargo downgrades Adobe to 'Underweight' with a $225 price target.
- Adobe's stock closed at $238.14 on October 12, 2026.
Sources
AI-generated from public news sources. Not financial advice.
