10 Trending AI Stocks Making Waves Today

2. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 123

Adobe Inc. (NASDAQ:ADBE), a digital marketing and media solutions provider, stands out as a key player in AI with its flagship products, Sensei and Firefly.

On November 20, Morgan Stanley analyst Keith Weiss maintained a “Buy” rating on Adobe Inc. (NASDAQ:ADBE) with an unchanged price target of $660.00. Highlighting Adobe’s strategic positioning in the GenAI landscape, the firm considers Adobe’s extensive workflows and datasets as key assets that are helping it capitalize on GenAI innovations. The firm states that the company’s differentiated position puts it in a good position for medium-term benefits from GenAI. Moreover, the company’s enhanced transparency and clear growth catalysts could boost investor confidence and help Adobe achieve significant GenAI-driven growth by FY26.