Jim Cramer Says He Doesn’t Really Like Adobe

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Summary · why it matters

Jim Cramer said on Mad Money that he doesn’t really like Adobe, noting the stock rose 3.5% on the day even after a firm downgraded it from Hold to Sell. He highlighted a recent rotation into defensive software names like Salesforce, Adobe, and ServiceNow, but remains cautious on Adobe due to competition from Canva, Figma, Shopify, and AI platforms. Cramer pointed out that Adobe is down 70% from its highs and trades at less than nine times earnings with double-digit earnings growth, yet the stock keeps getting hit. He advised investors to wait until a new CEO and CFO are named before betting on a turnaround.

Impact on assets 5

Artificial Intelligence▼ · 3 stocks
Cloud & Digital Infrastructure▲ · 2 stocks
Figma, Inc.
FIG
▲ PositiveCompetitionrelevance

Cramer mentions Figma as a competitor to Adobe, implying a positive competitive position for Figma.

Shopify Inc
SHOP
▲ PositiveCompetitionrelevance

Cramer mentions Shopify as a competitor to Adobe, implying a positive competitive position for Shopify.

Off-coverage companies 1

CanvaPrivate± Mixed
relevance

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