5 Best Artificial Intelligence Stocks to Buy Now According to Wall Street Analysts

2. Adobe Inc. (NASDAQ:ADBE)

Number of Q4 2023 Hedge Fund Shareholders: 105

Average Analyst Share Price Target: $622

Average Analyst Share Price Target Percentage Upside: 30%

Adobe Inc. (NASDAQ:ADBE) is a software company that develops and sells productivity products for business and personal use. The firm made a big announcement in April, when it shared that it will soon bring AI capabilities to its well known Photoshop image editing software.

A total of 105 out of the 933 hedge funds profiled by Insider Monkey owned the firm’s shares, according to the last round of 13F filings. One of Adobe Inc. (NASDAQ:ADBE)’s top shareholders is Ken Fisher’s Fisher Asset Management through its $ 2.7 billion holding.

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