TD Cowen Lowers Adobe's Price Target Amid Slowing Spend and Weak AI Credit Demand

On June 8, TD Cowen analyst Derrick Wood reduced his price target for Adobe (ADBE) from $310 to $285 while maintaining a Hold rating. The downgrade was driven by slowing real-world spending as indicated by third-party credit card data and weak demand for AI credits.

By Abdul Rahman Tue, June 16, 2026 at 10:04 PM GMT+3 2 min read · Yahoo Finance · June 16, 2026, 19:04 UTC

Tickers: $ADBE

Topics: Adobe AI credits price target cut spending slowdown

Read the full article at Yahoo Finance

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