Jim Cramer on Adobe: “At Least Wait Until You Can Put a Face on the Company’s Future”
Key takeaways
- Jim Cramer on Adobe: “At Least Wait Until You Can Put a Face on the Company’s Future” Syeda Seirut Javed Fri, June 19, 2026 at 8:35 PM GMT+7 2 min read ADBE SHOP MDB SPCX FIG Adobe Inc.
- At first, it was competition from other software companies, Canva, Figma, Shopify.
- On the one hand, Adobe’s down 70% from the highs… and trading at less than nine times earnings despite putting up double-digit earnings growth.
Jim Cramer on Adobe: “At Least Wait Until You Can Put a Face on the Company’s Future” Syeda Seirut Javed Fri, June 19, 2026 at 8:35 PM GMT+7 2 min read ADBE SHOP MDB SPCX FIG Adobe Inc. (NASDAQ:ADBE) was among the stocks on which Jim Cramer commented, as he emphasized that Space X investors are betting on Elon Musk rather than the company’s earnings. Cramer showed mixed feelings, leaning more toward pessimism around the stock, as he stated:
A lot of this comes down to competition. At first, it was competition from other software companies, Canva, Figma, Shopify. Then, a couple of years ago, we started hearing about all these new programs from the big AI platforms, programs that have gotten very good at writing custom software… Datadog, MongoDB, Workday, they’ve all delivered some nice rebounds in response to better-than-expected earnings. That’s why I wondered if maybe, just maybe, Adobe might be able to turn things around when it reported last week. But then, even when they delivered a beat and raise quarter, the stock still got hammered…
So, what do we do with Adobe now? Honestly, I’m baffled. It’s hard to tell. On the one hand, Adobe’s down 70% from the highs… and trading at less than nine times earnings despite putting up double-digit earnings growth. Part of me feels it’s just too cheap to ignore, right? But on the other hand, Adobe’s been too cheap to ignore for a long time now, yet the stock keeps getting clubbed like a baby seal. Plus, the entire enterprise software cohort remains pretty hated on Wall Street, by the way, including today.