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.”

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.”

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