Jim Cramer on Adobe: “I Think It’s Not Low Enough to Own”

Published on June 10, 2026 at 5:42 am by Syeda Seirut Javed in News

Adobe Inc. (NASDAQ:ADBE) was among the stocks Jim Cramer discussed on Mad Money, along with the recent sell-off in the market. Cramer highlighted the company’s competition, as he remarked:

Thursday, two battered companies report: Adobe and Lennar. Adobe’s part of the software as a service cohort, and that’s a shrinking cohort. More importantly, there are some companies that make similar but less expensive software in order to be able to design things. Even after its thrashing, I think it’s not low enough to own. I’m not kidding.

Photo by Jakob Owens on Unsplash

Adobe Inc. (NASDAQ:ADBE) provides creative, document, and digital experience software. The company’s solutions are used to create, manage, and optimize digital content and customer experiences. While discussing winners and losers of Q1, Cramer mentioned the stock during the April 1 episode and said:

The ninth-worst decliner is Adobe, which was down over 30% in the first quarter. But that’s really just the latest indignity, I should say, for this snake-bitten former cloud king, which everyone knows is, or at least they assume, is toast. At $241 and change, Adobe’s stock is down more than 65% from its all-time high set in November, 2021. Stock now trades at just 10 times this year’s earnings estimates. It’s trading like a home builder for heaven’s sake.

But anytime OpenAI, Anthropic, or Gemini comes out with some new design tool, Adobe stock goes lower. They now have new competition, Figma, which has also been terrible, too, the stock, Canva, there’s a, that’s an ultra-cheap option. So why am I, who am I to say that Adobe stock’s gotten too cheap? It can always get cheaper. One day, the design schools will leave behind Adobe and start their students on Canva. That will make the end of Adobe’s design dominance, and it could be existential from there.

Disclosure: None. Follow Insider Monkey on Google News.