We recently published 14 Stocks on Jim Cramer’s Radar. Adobe Inc. (NASDAQ:ADBE) is one of the stocks on Jim Cramer’s radar.
Adobe Inc. (NASDAQ:ADBE) is a productivity software company whose shares are down by 30% over the past year and by 8.6% year-to-date. The weak share price performance has been accompanied by analyst pessimism as well. For instance, Jefferies cut the share price target to $400 from $500 and reduced the rating to Hold from Buy as it commented that the software company was experiencing difficulty in its lower-end market. Oppenheimer also cut the rating of Adobe Inc. (NASDAQ:ADBE)’s shares. It lowered it to Market Perform from Outperform and outlined that the software application sector was in for a tough reckoning in 2026. Cramer has also commented on the impact of AI on Adobe Inc. (NASDAQ:ADBE) over the past couple of months. He believes that a shift in the traditional seat model and competition by Apple are some factors that are creating headwinds. In this appearance, the CNBC TV host flat-out gave up on how to analyze Adobe Inc. (NASDAQ:ADBE):
Photo by Jakob Owens on Unsplash
“Now get the opp verse, okay, this is the losers, this is the software, enterprise software, Salesforce down 16, ServiceNow down 18, Adobe down 15, Workday down 14. . .Atlassian down 24, Hubspot down 25.
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Disclosure: None. This article is originally published at Insider Monkey.
