10 Affordable Blue Chip Stocks to Buy

3. Adobe Inc. (NASDAQ:ADBE)

Stock Upside Potential: 41.86%

Forward P/E: 13.89

Number of Hedge Fund Holders: 104

Adobe Inc. (NASDAQ:ADBE) is an affordable blue-chip stock to buy. On November 10, William Blair analyst Jake Roberge reiterated a Buy rating on Adobe Inc. (NASDAQ:ADBE), citing its strong strategic positioning in the market.

According to the analyst, aggressive integration of artificial intelligence solutions into its offerings continues to generate investor interest. The integrations and innovations are expected to drive significant demand for the company’s offerings. The incorporation of third-party AI models is also expected to strengthen the company’s competitive edge.

A robust product suite and strategic initiatives position Adobe for continued growth. In the third quarter, the company’s artificial intelligence drove annual recurring revenue to a record $5 billion, up from $3.5 billion at the end of last fiscal year. Amid growth, the company has raised its full-year revenue guidance to $23.65 billion to $23.7 billion, up from its previous guidance of $23.5 billion to $23.6 billion.

Adobe Inc. (NASDAQ:ADBE) is a software company that specializes in creating, publishing, and promoting digital content. It offers a wide range of tools for professionals and consumers, including Photoshop, Illustrator, Acrobat, and Premiere Pro, which are often bundled in the Adobe Creative Cloud subscription.