Published on Mar. 10, 2026
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TD Cowen analysts have lowered their price target for Adobe (NASDAQ:ADBE) from $400 to $325, citing market conditions. The brokerage firm maintained a “hold” rating on the software company’s stock.
Why it matters
Adobe’s stock price has been volatile in recent months as the broader tech sector faces headwinds. This price target cut by a major analyst firm signals ongoing uncertainty around the company’s near-term performance and growth prospects.
The details
In a research report, TD Cowen analysts cited the challenging market environment in lowering their price target for Adobe. The new $325 target represents a potential upside of 15% from the stock’s previous closing price. Other analysts have also recently adjusted their views on Adobe, with Wells Fargo cutting its price target and Weiss Ratings downgrading the stock.
The new price target was issued on Tuesday, March 10, 2026.
The players
TD Cowen
A major brokerage firm that covers Adobe and has lowered its price target for the stock.
Adobe (NASDAQ:ADBE)
A global software company that develops creative and digital experience tools and services.
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What they’re saying
“We must not let individuals continue to damage private property in San Francisco.”
— Robert Jenkins, San Francisco resident (San Francisco Chronicle)
The takeaway
This price target cut reflects the ongoing volatility in the tech sector and the uncertainty around Adobe’s near-term growth prospects. Investors will be closely watching the company’s performance in the coming quarters to see if it can weather the current market challenges.