10 Most Undervalued Stocks to Buy Right Now

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2. Adobe Inc. (NASDAQ:ADBE)

Forward P/E: ~13.9x

Forward EPS Diluted Growth: ~13.1%

Number of Hedge Fund Holders: 88

Adobe Inc. (NASDAQ:ADBE) is one of the Most Undervalued Stocks to Buy Right Now. On November 19, Stifel Nicolaus analyst J. Parker Lane maintained a bullish stance on the company’s stock, giving a “Buy” rating. The analyst’s rating is backed by a combination of factors related to the company’s strategic acquisition of Semrush. The acquisition has been regarded as a forward-thinking move, enabling Adobe Inc. (NASDAQ:ADBE) to enhance capabilities in the emerging field of AI engine optimization (AEO), which continues to become critical as consumer behavior transitions towards AI-driven search and discovery.

In a different development, Citi reduced its price target on the company’s stock to $366 from $400, while keeping a “Neutral” rating on the shares. For Q4 2025, the firm expects the company to report a marginal beat compared to its estimates. That being said, the firm reduced its margin estimates to reflect increased investments. Notably, in Q3 2025, Adobe Inc. (NASDAQ:ADBE)’s total operating expenses increased to $3.17 billion from $2.86 billion in Q3 2024, reflecting 11% growth.

The rise was seen amidst a 15% increase in sales and marketing expenses, an 11% rise in general and administrative expenses, and 6% uplift in R&D expenses. The sales and marketing expenses rose in Q3 2025 and during the 9 months ended August 29, 2025 on a YoY basis mainly because of increases in advertising expenses and compensation costs.

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