5 Most Profitable Robinhood Stocks

In this article, we discuss the 5 most profitable Robinhood stocks. If you want to read about some more Robinhood stocks, go directly to 13 Most Profitable Robinhood Stocks.

5. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 112  

Adobe Inc. (NASDAQ:ADBE) operates as a diversified software company worldwide. On November 14, investment advisory Evercore maintained an Outperform rating on Adobe Inc. (NASDAQ:ADBE) stock and raised the price target to $700 from $605.

Among the hedge funds being tracked by Insider Monkey, Texas-based investment firm Fisher Asset Management is a leading shareholder in Adobe Inc. (NASDAQ:ADBE) with 4.5 million shares worth more than $2.3 billion. 

In its Q3 2023 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and Adobe Inc. (NASDAQ:ADBE) was one of them. Here is what the fund said:

“Both Alphabet and Adobe’s businesses continue to perform well. With respect to Adobe, the most recent quarter delivered more of the same with constant currency revenue growing 13%, margin expansion, and over 2% of shares outstanding repurchased for non-GAAP earnings growth of over 20%. We believe its approach to GenAI through Firefly, which guarantees safe content because it trains on Adobe Stock, will continue to be attractive to enterprises. The counter to GenAI, and something we are keeping an eye on with Alphabet and Adobe, is that it requires heavy investment. While both businesses can leverage their scale and manage costs in other areas, we expect the investment in future growth through GenAI will weigh on company-wide margins over the near term.”