12 Most Promising Growth Stocks According to Wall Street Analysts

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7. Adobe Inc. (NASDAQ:ADBE)

Analyst Upside as of January 23, 2025: 43%

Number of Hedge Fund Holders: 123

Some of Adobe Inc’s (NASDAQ:ADBE) major products include Adobe Firefly, Adobe Express, Acrobat AI Assistant, and Adobe GenStudio. In October 2024, Adobe Inc (NASDAQ:ADBE) launched the Firefly Video Model in beta, expanding its family of creative generative AI models, safe for commercial use. Similarly, in December 2024, the company announced a partnership with Box, Inc. to shape the way digital media is created and used.

Similarly, in an exciting update, on January 22, Adobe Inc. (NASDAQ:ADBE) announced innovations to its AI tools and a $5 million investment in its Adobe Film and TV Fund to support underprivileged creators and filmmakers. Speaking of its innovations, ADBE unveiled new features in Adobe Premiere Pro, After Effects, and Frame.io to improve post-production and reduce the time spent on videos. Overall, in the fiscal fourth quarter of 2024, the company’s digital media segment grew its revenue by 12%.

The company holds precedence in the creative industry because of its exemplary tools and features. In addition to that, investors are particularly interested to see how its investments in AI play out in 2025 and beyond.

Polen Capital’s Polen Focus Growth Strategy stated the following regarding Adobe Inc. (NASDAQ:ADBE) in its Q3 2024 investor letter:

“We added to several existing positions in the quarter including Adobe Inc. (NASDAQ:ADBE), Workday, Shopify, MSCI, and Paycom Software. We feel Adobe is poised for re-accelerating revenue and earnings growth partially due to the monetization of its Firefly GenAI product embedded in its creative software.”

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