Jim Cramer Says Adobe "Has Fallen Dramatically Out of Favor"

Adobe Inc. (NASDAQ:ADBE) is one of the stocks in focus in Jim Cramer’s game plan for this week. During the episode, Cramer said that the company “got the best product,” but it might not be enough to push the stock upward. He commented:

“However, I am not sure about the stock of a one-time fave of mine, Adobe, which has fallen dramatically out of favor, not unlike Salesforce, which reported a big upside earnings surprise this week, but it meant nothing for the stock ostensibly because it didn’t lift guidance enough, but more likely because the Wall Street fashion show has turned against their software as a service business model like Adobe has. Why? Because money managers are under the impression that this kind of model is vulnerable to artificial intelligence competition. Lost in the shuffle, Adobe’s got the best product. I no longer think that may be enough to propel the stock higher.”

Adobe Inc. (NASDAQ:ADBE) develops software and cloud-based platforms for creative design, digital documents, and customer experience management. The company’s solutions serve creators, businesses, and enterprises.

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