Billionaire Philippe Laffont’s 10 Stock Picks with Huge Upside Potential

2. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 104

Upside Potential: 37.37%

Share Price Return Between July 1 and October 15: -15.68%

Coatue Management holds $236.24 million worth of shares in Adobe Inc. (NASDAQ:ADBE), representing 0.66% of its total 13F portfolio, helping the stock secure a place on our list of billionaire Philippe Laffont’s 10 stock picks with huge upside potential.

In October 2025, Adobe Inc. (NASDAQ:ADBE) experienced mixed sentiments, with investor optimism over its AI prospects contrasting with market-driven stock weakness.

Firstly, on October 3, 2025, TD Cowen conducted a meeting with Adobe Inc. (NASDAQ:ADBE)’s management during their Software Bus Tour. Following discussions, the investment firm highlighted steady seat growth, pricing challenges, and accelerating consumer AI adoption. However, TD Cowen noted that enterprise-level uptake may take longer to shape growth trajectories.

However, on October 15, 2025, Adobe Inc. (NASDAQ:ADBE)’s share price fell to a new 52-week low of $330.63. The stock has experienced a 33.57% decline over the past year, facing challenges and strong competition in the AI space, particularly from Google’s new image-editing tool. Still, the analysts believe the stock is significantly undervalued due to its strong fundamentals, including healthy revenue growth and a reasonable price-to-earnings ratio of 15.06, which indicates strong upside.

Through its Adobe Experience Cloud and Adobe Creative Cloud, Adobe Inc. (NASDAQ:ADBE) delivers digital media and marketing solutions. It is included in Philippe Laffont’s stock portfolio.