14 Best American Tech Stocks to Buy Now

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10. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 117

Adobe Inc. (NASDAQ:ADBE) is an American technology and computer software company that offers creative software applications. The company’s products, services, and solutions allow individual creators, small businesses, and global enterprises to create, edit, and publish digital content across a range of media formats such as graphics, photography, video, and web design. Adobe Inc. (NASDAQ:ADBE) is one of the best American stocks to buy now.

On April 4, Mizuho Securities maintained an “Outperform” rating on Adobe Inc. (NASDAQ:ADBE) with a price target of $575. This decision came after in-person meetings with the company’s Chief Financial Officer Dan Durn, Digital Experience CFO and Interim Head of Investor Relations Steve Day, and Director of Investor Relations Nihar Barbhaiya. Adobe Inc.’s (NASDAQ:ADBE) executives highlighted the company’s strong market position and the potential for growth in revenue generation. Adobe Inc. (NASDAQ:ADBE) had a challenging year but Mizuho highlighted the company’s recent progress in monetizing its Generative AI innovations as a positive sign. The analysts also expressed confidence in Adobe Inc.’s (NASDAQ:ADBE) financial outlook. Despite increased macroeconomic uncertainty, they believe that the company’s fiscal year 2025 annual recurring revenue and overall revenue targets are achievable. Mizuho pointed out that Adobe Inc. (NASDAQ:ADBE) stands out as a unique software company that can achieve double-digit growth at scale, combined with strong and stable margins, all while trading below 15 times its projected free cash flow for calendar year 2026.

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