5 Best Stocks for Long Term Growth

4. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Investors In Q1 2023: 99

Adobe Inc. (NASDAQ:ADBE) is one of the biggest software companies in the world. It provides engineering, design, and productivity software products. BMO Capital upgraded its shares to Outperform from Market Perform in June 2023 while the firm’s average share price target is $534 for a nearly $50 upside.

Insider Monkey took a look at 943 hedge funds for their first quarter of 2023 shareholdings to find out that 99 had bought the firm’s shares. Adobe Inc. (NASDAQ:ADBE)’s biggest shareholder is Ken Fisher’s Fisher Asset Management with a $1.8 billion investment.

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