Why These 5 Stocks Are Trending on Monday

4. Adobe Inc. (NASDAQ:ADBE) has risen 2% as of 11:09 AM ET after Joseph Bonner at Argus reiterated a Buy rating on the stock with a target price of $575. Bonner shared that he still sees a potential upside of over 33% from the last closing stock price. In a report issued to investors on March 28, the analyst highlighted that the stock’s valuation has taken a significant dip due to the sell-off across the technology sector and is currently hovering around the historically lowest level. Bonner also highlighted that the revenue growth of the San Jose, California-based software company is declining from a high level of more than 20% during FY21, but the product pipeline and the innovation taking place at Adobe Inc. (NASDAQ:ADBE) “remain solid.” As of Q4 2021, 94 hedge funds held a stake in Adobe Inc. (NASDAQ:ADBE).