20 Trending AI Stocks on Latest News and Ratings

Page 14 of 19

6. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 107

Adobe Inc. (NASDAQ:ADBE) is an American computer software company offering digital media and digital marketing solutions. The company leverages AI built into its tools for seamless integration into workflows customers are already using. On October 14, 2024, at the Adobe MAX 2024 Conference, the company launched more than a hundred new Creative Cloud features as well as introduced significant updates powered by its AI model, Adobe Firefly. Launched only last year, Firefly has already been used to generate over 13 billion images, a reflection of its widespread adoption.

Morgan Stanley maintains an Overweight rating and $660 price target, highlighting Adobe’s unique positioning in GenAI through integrated content creation and compliant AI models.

Page 14 of 19