10 Best Software Stocks to Buy According to Billionaires

5. Adobe Inc. (NASDAQ:ADBE)

Number of Billionaire Investors: 18

Billionaire Holdings: $5.8 Billion

Number of Hedge Fund Holders: 117

Adobe Inc. (NASDAQ:ADBE) is a global leader in creative and digital marketing software. Its flagship products, such as Photoshop, Illustrator, and Acrobat, have become industry standards for content creation and document management, serving a diverse range of customers from individual creators to large enterprises. Adobe’s Creative Cloud, Document Cloud, and Experience Cloud platforms empower users to create, collaborate, and enhance digital experiences.

Recently, Adobe reported better-than-expected results for Q1 2025 and provided Q2 guidance that aligned with market expectations. However, changes in its subscription revenue disclosure raised concerns among analysts. A Citi analyst with a Neutral rating on the stock noted that the new reporting approach complicates tracking the performance of Creative Cloud’s core business.

In contrast, RBC Capital analyst Matthew Swanson viewed the strong Q1 results positively. He highlighted Adobe’s efforts to introduce new metrics, helping investors gain deeper insights into the business. Swanson also pointed out that attention is shifting to the upcoming Adobe Summit, where the company is expected to unveil more details about monetizing its AI tools. Despite maintaining an Outperform rating, the analyst adjusted his price target for Adobe Inc. (NASDAQ:ADBE) from $550 to $530, reflecting a cautious approach.