Jim Cramer on Adobe: “Might Get This Thing at a Cheaper Price”

Adobe Inc. (NASDAQ:ADBE) is one of the stocks that Jim Cramer shared thoughts on. A caller asked if Cramer thinks the stock is a buy, sell, or hold, and he replied:

“Boy… I gotta tell you, this is a tough one. One, it keeps going down, but two, Figma is about to come, and you know a lot of people have switched from Adobe to Figma because it’s much cheaper. Let’s let the Figma deal come and then see what happens. Might get this thing at a cheaper price.”

Jim Cramer on Adobe: "Might Get This Thing at a Cheaper Price”

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Adobe (NASDAQ:ADBE) develops software and cloud-based platforms for content creation, digital experiences, and document management. The company provides subscription-based tools, analytics solutions, and services for publishing, advertising, and customer engagement. During an April episode, Cramer called it “a great company.” He said:

“Adobe, what a great company. Its stock is down almost 35% from its high set last year […] Adobe has come up with a few AI tools of its own headlined by Adobe Firefly – it’s a Lamborghini, wow! It’s a really impressive technology. But the problem is OpenAI can also do these things too. So is Adobe being hurt or helped by AI? It’s really hard to say. […] I’m not sure I’d stick my neck out for Adobe with its generative AI threats.”

While we acknowledge the risk and potential of ADBE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ADBE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.