5 Best Bargain Stocks to Buy in June

3. Adobe Inc. (NASDAQ:ADBE)

Forward P/E: ~8.6x

Number of Hedge Fund Holders: 86

Adobe Inc. (NASDAQ:ADBE) is one of the Best Bargain Stocks to Buy in June. On 12 June, RBC Capital analyst Matthew Swanson reduced the firm’s price objective on the company’s stock to $285 from $350 and maintained an “Outperform” rating. This reduction in the target price comes after Adobe Inc. (NASDAQ:ADBE)’s Q2 results and the announcement that its CFO Dan Durn is leaving.

Notably, in Q2 2026, the company saw record revenue of $6.62 billion, demonstrating robust AI-driven demand throughout its customer groups. Also, it raised its FY 2026 revenue and non-GAAP EPS targets. For FY 2026, it anticipates total revenue of between $26.50 billion – $26.60 billion. Exiting the quarter, the company’s RPO came in at $22.27 billion, and cRPO stood at 67%.

The firm noted that Adobe Inc. (NASDAQ:ADBE)’s AI-first ARR grew three times YoY to over $500 million. However, it added that reduced estimates and peer multiple contraction are the reasons for the reduction in price objective.

Adobe Inc. (NASDAQ:ADBE) is a provider of multimedia and digital marketing software.

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