Jim Cramer recently discussed Adobe Inc. (NASDAQ:ADBE) as part of a list of 15 fresh stocks. Adobe shares have declined by 32% over the past year.
Media reports indicate the company has struggled to keep pace in the AI era. Cramer noted in 2025 that Adobe is facing challenges as its software-as-a-service model comes under threat from artificial intelligence.
Goldman Sachs set a $290 price target and a Sell rating for Adobe in January. The bank warned that stiff competition could impact high-end user growth, citing a lack of budget-tier products as a key concern.
Oppenheimer downgraded Adobe from Outperform to Market Perform, pointing to AI's effect on software stock valuations.
Cramer shared comments from Ben Reitzes of Mellius Research. "Ben thinks that, look he's focused on ServiceNow, he's focused on Adobe," Cramer said. "Which by the way I don't know if anyone got the Apple suite, of things that I would use Adobe for, that I'd pay 600 dollars for. Chilling if you're Adobe."