On September 15, Adobe fell 3.02% in regular trading, trading at $257.94/share, with turnover of $2.27 billion. The decline came as multiple Wall Street firms lowered their price targets and concerns over a softer-than-expected Q4 revenue outlook continued to weigh on sentiment.

Although Adobe reported record fiscal Q3 results — with revenue of $6.76 billion (up 13% YoY) and adjusted EPS of $6.13, both beating consensus — its Q4 revenue guidance midpoint came in below analysts' expectation of $6.85 billion, raising concerns about growth deceleration. In the wake of the report, several major institutions revised their targets downward: Citi cut its target sharply from $301 to $250, JPMorgan trimmed from $340 to $315, while Goldman Sachs raised its target modestly to $200 from $190 but maintained a Sell rating. Meanwhile, OpenAI's decision to ban Adobe from running ads for competing AI products on ChatGPT further fueled market anxiety over the company's long-term competitive positioning in the AI landscape.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)