Jim Cramer on Adobe: “They Got Some Very Powerful Competition”

Adobe Inc. (NASDAQ:ADBE) is one of the stocks Jim Cramer was focused on recently. A caller asked for Cramer’s thoughts on the stock, and he replied:

“A lot of people are comparing Adobe to Salesforce and saying that Adobe can make a comeback like Salesforce did. I think they’re two different animals. The problem with Adobe is they got some very powerful competition. I think the stock’s come down a lot, but it still doesn’t make me want to pull the trigger.”

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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. A caller asked about the stock during the September 19 episode, and Cramer replied:

“Tough… very tough. Adobe, Adobe made that quarter, but I think there were, a lot of that was price raising, and I want to see organic growth. If you want to know like… if you want to compare that with something, compare it to Workday, which we had on the other day, and I think that they were doing it by doing new deals, not at higher prices, but just a lot of new deals. Organic growth is what we want, not price-driven growth.”

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