Top 5 Stock Picks of Fang Zheng’s Keywise Capital

4. Adobe Inc. (NASDAQ:ADBE)

Keywise Capital’s Stake Value: $52.5 million 

Percentage of Keywise Capital’s 13F Portfolio: 12.87%

Number of Hedge Fund Holders: 89

Adobe Inc. (NASDAQ:ADBE) stock price outperformed the broader market index year to date amid strong demand for its software products. The company posted $3.94 billion in revenue in the September quarter and expects its revenues to hit $4.07 billion in the final quarter of 2021. For Adobe’s stock, Oppenheimer analyst Brian Schwartz set an outperform rating and $68 price target.

Adobe Inc. (NASDAQ:ADBE) was in 89 hedge funds’ portfolios at the end of June. Our calculations also showed that ADBE ranked 25th among the 30 most popular stocks among hedge funds.