10 Most Promising AI Stocks According to Analysts

4. Adobe Inc. (NASDAQ:ADBE)

Analyst Upside as of October 9, 2024: 30%

Number of Hedge Fund Holders: 107

Adobe Inc (NASDAQ:ADBE) ranks fourth on our list of the most promising AI stocks to buy now according to analysts. Adobe, the creative giant, has been disrupting the generative AI industry. The company’s AI tools allow users to add and remove images, generate high-quality images, create personalized content, and automate workflows. Some of the major products include Adobe Firefly, Adobe Express, Acrobat AI Assistant, and Adobe GenStudio.

The company’s roadmap to becoming an AI creative giant is fierce. On June 27, Adobe Inc (NASDAQ:ADBE) announced that its Adobe Content Hub is now generally available with the Adobe Experience Manager, a digital asset management system with a database of images and videos. The Adobe Content Hub, on the other hand, is transforming the content creation process and its usage, by providing users with every brand-approved asset at their fingertips. The hub is integrated with Adobe Express and Adobe Firefly, the company’s leading all-in-one design and generative AI tools.

Adobe’s AI products are highly popular in the market. Adobe Firefly has been used to generate more than 9 billion images since March 2023. In September, the company introduced advancements to its Adobe Experience Clouds allowing brands to personalize and assess the performance of AI-generated content. Previously in August, Adobe Inc (NASDAQ:ADBE) announced the general availability of Adobe Journey Optimizer B2B Edition, on its Adobe Experience Cloud. The optimizer will help brands identify and personalize experiences for buying groups using AI.

Overall, the company expects its generative AI tools and products to gain momentum over the coming years. The company is increasingly leveraging AI to help brands reach more customers and offer personalized experiences. The company already works with large B2B corporations from across the globe including Accenture, Amazon Web Services, Cisco, IBM, Microsoft, and Nvidia.