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Stock impact report

Adobe (ADBE) Doesn't Have The Moat That It Thinks, Says Jim Cramer [Yahoo! Finance]

Adobe Inc. (ADBE) 
Last adobe inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
Company Research Source: Yahoo! Finance
We recently published 12 Stocks on Jim Cramer's Radar . Adobe Inc. (NASDAQ:ADBE) is one of the stocks on Jim Cramer's radar. Productivity software provider Adobe Inc. (NASDAQ:ADBE)'s shares have struggled in today's AI era. They are down by 42% over the past year and by 23% year-to-date. HSBC discussed the firm's shares on February 13th. It cut the share price target to $302 from $388 and kept a Hold rating, as per The Fly. Unsurprisingly, the bank pointed out that Adobe Inc. (NASDAQ:ADBE) was facing risks from AI tools. Piper Sandler also cut the price target. It reduced it to $330 from $470 and slashed the rating to Neutral from Overweight. The financial firm commented that the threat faced by seat-based software businesses from AI could affect Adobe Inc. (NASDAQ:ADBE) as well. Like the analysts, Cramer has also discussed the software firm several times. He believes that the software company's pricey products can be replaced by cheaper alternatives. In this appearance, the CNBC T Show less Read more
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