11 Must-Buy AI Stocks Analysts Are Betting On

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1. Adobe Inc. (NASDAQ:ADBE)

Stock Upside Potential as of June 18: 27.92%

Number of Hedge Fund Holders as of Q1: 111

Adobe Inc. (NASDAQ:ADBE) is one of the 11 must-buy AI stocks analysts are betting on. On June 16, Bernstein SocGen Group reiterated an ‘Outperform’ rating on the stock and hiked the price target to $530 from $525.

Bernstein SocGen Group remains bullish about Adobe’s outlook owing to its potential to deliver 10% revenue growth in the near term. The firm also touted the company’s improving margins and significant stock buybacks, which are expected to trigger mid-teens earnings per share growth. In addition, the research firm expects the company to benefit from the acceleration of artificial intelligence.

According to Bernstein, Adobe has evolved from a ‘show me a story’ to an ‘explain to me and show me a story.’ Consequently, it views the company as an AI winner in the enterprise. Nevertheless, the research firm remains cautious, awaiting clarity on its AI monetization strategy and go-to-market initiatives.

Adobe Inc. (NASDAQ:ADBE) is a global technology company operating across Digital Media, Digital Experience, and Publishing & Advertising. Its Creative Cloud offers tools for content creation, while Document Cloud supports digital workflows.

While we acknowledge the potential of Adobe Inc. (NASDAQ:ADBE) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADBE and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today.

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