Billionaire Andreas Halvorsen’s 10 Stock Picks With Huge Upside Potential

7. Adobe Inc. (NASDAQ:ADBE)

Upside Potential as of April 28: 37.84%

Viking Global’s Stake Value: $549,041,060

Number of Hedge Fund Holders: 117

Adobe Inc. (NASDAQ:ADBE) is a software company known for its creative and digital solutions. Its products include tools for graphic design, photo editing, video production, animation, and document management. The company operates globally and its clients range from individual creators and small businesses to large enterprises across industries like media, marketing, education, and technology.

Adobe Inc. (NASDAQ:ADBE) reported record revenue of $5.71 billion in Q1 2025, representing 10% year-over-year growth or 11% in constant currency. The company also delivered record operating cash flows of $2.48 billion. Digital Media segment revenue reached $4.23 billion, growing 11% year-over-year, while Digital Experience segment revenue was $1.41 billion, up 10% year-over-year.

Adobe Inc. (NASDAQ: ADBE) is expanding its AI capabilities with the new Firefly app, announced at MAX London. The app integrates Adobe’s AI models with Google Cloud and OpenAI, allowing creators to produce multimedia content easily. The company also expanded its NFL partnership on April 23, 2025. Adobe Experience Platform will help the NFL and its clubs personalize fan engagement, while Creative Cloud tools will be used for live content creation. On April 16, 2025, BMO Capital Markets adjusted its outlook on Adobe Inc.’s (NASDAQ:ADBE) stock. It cut the price target by $45 to $450 but maintained an Outperform rating on the stock.