Billionaire Steve Cohen’s 10 Large-Cap Stock Picks With Huge Upside Potential

4. Adobe Inc. (NASDAQ:ADBE)

Market Cap as of April 24: $150.01 Billion

Point72 Asset Management’s Equity Stake: $333.08 Million

Analysts’ Upside Potential as of April 24: 44.02%

Number of Hedge Fund Holders: 117

Adobe Inc. (NASDAQ:ADBE) is a technology company that develops and sells software and online services for creative tasks, document management, and digital marketing. It is best known for its Creative Cloud suite, which includes tools like Photoshop, Illustrator, and InDesign for graphic design. It is one of the companies that capitalize on artificial intelligence to strengthen its solutions. While AI business accounted for $125 million of $4.23 billion generated in Q1 2025, it is expected to be a key growth driver.

Adobe Inc. (NASDAQ:ADBE) expects revenues in the AI book of business to more than double in 2025, going by the investments it is making. It has already expanded its AI portfolio with Adobe GenStudio and Firefly Services. The company is increasingly monetizing standalone subscriptions in Firefly by introducing various creative cloud offerings. It also plans to invest in its sales capacity as it seeks to strengthen its AI streams.

Adobe Inc. (NASDAQ:ADBE) has already acquired significant stakes in Synthesia, an AI startup serving over 70% of Fortune 100 companies. The startup offers a platform that helps businesses develop videos with AI-generated lifelike avatars. The company has also inked a strategic partnership with the NFL to enhance fan experience using AI technology. Even as Adobe capitalizes on the artificial intelligence boom, RBC Capital has cut the stock’s price target to $480 from $530 while maintaining an Outperform rating setting and competitive pressure in the generative content tool sector.