Adobe Stock Price Target Cut by Wells Fargo and Mizuho

Wells Fargo and Mizuho have both lowered their price target for Adobe (ADBE), with Wells Fargo setting it at $405 and Mizuho at $340. Both announcements were made on March 9, 2026. This could have some implications for Adobe's stock performance.

Wells Fargo recently lowered its price target for Adobe (ADBE) to $405, citing some concerns about valuation. Mizuho has made a similar move, cutting its price target to $340, also due to valuation concerns. Notably, doc3 from MarketBeat reiterates the same information as doc1 about the Wells Fargo price target, serving as a confirmation and keeping the story consistent. However, doc4, in which Citi expects an uneventful Q1 from Adobe, does not provide relevant information for the current cluster about price target changes.

A separate announcement from GuruFocus states that Adobe stock slipped after Mizuho reduced its price target to $340, highlighting the impact of these analyst moves on market performance. Analysts may be scrutinizing Adobe's valuation more closely given these updates.