12 Best Augmented Reality Stocks to Buy According to Analysts

2. Adobe Inc. (NASDAQ:ADBE)

Stock Upside Potential as of June 24: 31.39%

Number of Hedge Fund Holders: 111

Adobe Inc. (NASDAQ:ADBE) is one of the 12 best augmented reality stocks to buy, according to analysts. On June 21, DA Davidson reiterated a ‘Buy’ rating and a $500 price target on the stock. The bullish stance comes from the research firm meeting with the company’s management team.

Following the meeting, the research firm reiterated its confidence in Adobe’s commercially safe approach to digital content generation. It also echoed the company’s disciplined expense management and top-line resiliency.

In return, DA Davidson views Adobe as a long-term artificial intelligence winner. It insists the current price represents an ideal entry point for an industry leader with solid class margins. The company boasts impressive gross profit margins of 89.25%, signaling operational efficiency.

Adobe Inc.’s (NASDAQ:ADBE) primary contribution to augmented reality (AR) is its product, Adobe Aero, an AR authoring and viewing platform. Adobe Aero allows users to create, share, and experience interactive AR content without extensive coding knowledge.