Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Wells Fargo analyst Michael Turrin made two contrasting calls on Monday. He downgraded ADBE from Buy to Sell and cut his target to $225 from $270. At the same time, he upgraded TYL from Hold to Buy, lifting the target sharply to $400 from $335.
The Adobe downgrade is striking. A two-notch cut from Buy to Sell is rare on Wall Street. Adobe carries a $94B market cap and short interest sits at 4.6% of free float. The consensus on the stock remains broadly positive, with 11 Buy ratings still on the books. Turrin's Sell call puts him firmly in the minority.
Tyler Technologies trades at a $13.5B market cap. The $400 target implies meaningful upside. Short interest of 8.1% of free float is modest, suggesting limited bearish conviction from other market participants.
Elsewhere, NOW received a target price increase to $176 from $130 at RBC Capital. also got a lift, with RBC raising its target to $320 from $280. Both remain Buy-rated with near-unanimous analyst support.
GM received a small target increase to $102 from $100 at RBC. DAL and APTV both saw modest target cuts but kept their Buy ratings.
The sharpest single action of the session remains the Adobe Sell. With Irish EV licensings jumping 54% year-on-year in September, according to ORTEX Alt Data, the broader pressure on legacy software platforms competing with AI-native tools is a theme worth watching heading into earnings season.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
