Billionaire Ray Dalio’s Bridgewater’s 10 Stock Picks with Huge Upside Potential

7. Adobe Inc. (NASDAQ:ADBE)

Bridgewater Associates Stake Value: $104,835,978

Upside Potential as of May 2: 33.44%

Number of Hedge Fund Holders: 117

Adobe Inc. (NASDAQ:ADBE) is an American technology company best known for its creative and multimedia software. Its flagship products (Photoshop, Illustrator, Premiere Pro, and Acrobat) serve creative professionals across niches like photo editing, graphic design, video production, and document management.

Like Salesforce (NYSE:CRM) and many other tech giants, Adobe Inc. (NASDAQ:ADBE) has gone all in on AI. The company unveiled the new Firefly app with AI-powered features during its MAX London creativity conference on April 24, 2025. The updated app now includes the new Firefly Image Model 4 and Firefly Image Model 4 Ultra for highly realistic images, as well as the generally available Firefly Video Model. Adobe (NASDAQ:ADBE) also introduced new AI-powered video tools in Adobe Express. Additionally, the company has partnered with the NFL to enhance fan experiences using Adobe Experience Platform and applications, including Adobe Express and Adobe Firefly.

In Q1 2025, Adobe Inc.’s (NASDAQ:ADBE) financial report shows what lies ahead of the AI strategy meets expectations. The company posted record revenue of $5.71 billion, a 10% year-over-year growth.

CEO Shantanu Narayen emphasized that “Adobe is well-positioned to capitalize on the acceleration of the creative economy driven by AI,” while CFO Dan Durn highlighted that “new AI-first standalone and add-on innovations exited the quarter with over $125 million ending ARR book of business.”

On April 23, 2025, Piper Sandler analyst Brent Bracelin lowered the firm’s price target for Adobe (NASDAQ:ADBE) from $600 to $500 while maintaining an Overweight rating. The analyst cited increasing near-term headwinds to growth from “tariff, policy, and artificial intelligence adoption hurdles.”