10 Exciting AI Stocks to Watch Right Now

8. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 104

Adobe Inc. (NASDAQ:ADBE) is one of the 10 Exciting AI Stocks to Watch Right Now. On September 8, RBC Capital analyst Matthew Swanson lowered the price target on the stock to $430.00 (from $480.00) while maintaining an Outperform rating.

The rating affirmation, issued ahead of Adobe’s earnings print, reflects on the firm’s optimism that Adobe will deliver “solid” results. This is despite investor sentiment being locked on competition and Gen-AI monetization.

“We expect solid Q3 results when ADBE reports on 9/11 AMC, but investor sentiment remains locked on competition and GenAI monetization. In our conversations with management, we feel there is an improved understanding of sentiment and would look for the narrative to continue to evolve around GenAI monetization. Trading at a discount to large cap peers, we like the opportunity but reduce our PT to $430 and maintain our OP. “

Adobe Inc. (NASDAQ:ADBE) is a software company that provides digital marketing and media solutions.