10 Stocks on Jim Cramer and Wall Street’s Radar

4. Adobe Inc. (NASDAQ:ADBE)

Average Price Target Upside: 30.95%

Number of Hedge Fund Holders: 117

Adobe Inc. (NASDAQ:ADBE) received bullish commentary from Cramer in January when he said:

“You know, Shantanu Narayen is so good. The product is like a Lamborghini versus the guys that it’s up against. I don’t think I wanna sell the stock down here. It generates too much cash. I know that it seems like a tough stock to own. I can’t sell at 21 times earnings.”

Adobe (NASDAQ:ADBE) is a leading software company recognized for its extensive portfolio, especially in digital media creation and document management. More recently, on March 7, Cramer acknowledged the negativity toward the stock but predicted that the company would deliver good results.

“The most important part of the week comes Wednesday after the close and that’s when Adobe reports. It’s got to break the spell of undeserved negativity surrounding its stock. I bet CEO Shantanu Narayen will deliver something that makes the stock worth owning into the print.”

On March 7, RBC Capital analyst Matthew Swanson cut the price target on ADBE from $590 to $550 and kept an Outperform rating on the stock ahead of its Q1 earnings. The firm expects “solid” results and attributes the stabilizing sentiment mainly to investor views on GenAI, which has become closely linked with concerns about competition, according to the analyst’s research note. RBC also noted that the revised price target reflects a contraction in peer multiples.