Jim Cramer Believes Adobe’s (ADBE) In Trouble

Core Viewpoint - Adobe Inc (NASDAQ:ADBE) is facing significant challenges in the competitive AI market, leading to a substantial decline in its stock price over the past year and year-to-date [2][3]. Company Performance - Adobe's shares have decreased by 43% over the past year and by 20% year-to-date [2]. - Goldman Sachs downgraded Adobe's share rating from Buy to Sell, setting a price target of $290, citing lagging NTM revenue growth and EPS compared to peers [2]. - UBS reduced its price target for Adobe from $375 to $340 while maintaining a Neutral rating [2]. - Piper Sandler downgraded Adobe from Overweight to Neutral and cut its price target from $470 to $330 [2]. Market Challenges - Jim Cramer highlighted that Adobe is struggling to compete effectively in the AI market, indicating that consumers can find similar products at lower prices, which poses a threat to Adobe's market position [3]. - The company is perceived as being in trouble due to its inability to maintain its competitive edge in the face of evolving market demands [3].