11 Trending AI Stocks on Latest News and Ratings

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5. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 123

Adobe Inc. (NASDAQ:ADBE) is a global software company with a focus on AI-driven solutions.  It offers AI-powered tools for content creation, customer experience management, and data analytics, improving workflows for various professionals and businesses.

On December 9, Citi reduced its price target for Adobe (NASDAQ:ADBE) from $616 to $590 while maintaining a Neutral rating ahead of its earnings. The firm noted mixed sentiment ahead of Adobe’s fiscal Q4, following a weaker-than-expected Q3 outlook that suggested ongoing revenue challenges due to macroeconomic factors and competition, as per The Fly. Despite this, Citi believes investor expectations for Adobe’s fiscal 2025 annual recurring revenue are relatively modest, and it anticipates guidance that aligns with these lower expectations.

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