Cowen Maintains Hold on Adobe Inc (ADBE), PT Cut to $325 March 2026

On March 10, 2026, TD Cowen maintained a Hold on Adobe Inc. (ADBE) while cutting its price target to $325 from $400. The move centers on what Cowen called continued growth deceleration ahead of Adobe’s next quarterly report. This ADBE analyst rating note matters because it lowers near-term upside, even as Adobe keeps strong cash flow and a large market cap of $115,169,416,074.