TD Cowen Lowers PT on Adobe (ADBE), Keeps a Hold Rating

Adobe Inc. (NASDAQ:ADBE) is one of the Best AI Stocks That Will Make You A Millionaire. On March 10, TD Cowen analyst Derrick Wood lowered the firm’s price target on Adobe Inc. (NASDAQ:ADBE) from $400 to $325 and maintained a Hold rating on the stock.

​The analyst at TD Cowen said in a research note that they updated the firm’s model on the stock ahead of its Q1 2026 earnings. The analyst pointed out that channel checks suggest continued deceleration in growth for the company.

​Earlier on March 9, RBC Capital had reiterated an Outperform rating on Adobe Inc. (NASDAQ:ADBE) with a price target of $430. The firm expects the company to deliver a solid start to fiscal 2026. The firm is interested in the company’s total annual recurring revenue and any changes in profitability.

​The company is set to release its fiscal Q1 2026 earnings on March 12, 2026. Wall Street expects revenue around $6.28 billion along with a GAAP EPS of $4.56.

​Adobe Inc. (NASDAQ:ADBE) is a global technology company that focuses on digital media and marketing solutions. It offers tools for creating, publishing, and promoting content, and for managing documents. It also operates a platform that allows businesses to measure and monetize customer experiences based on marketing, advertising, and analytics.

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