Reported 2 days ago
Adobe Inc. (ADBE) has made it to Two Sigma's list of the top 10 stock picks with high upside potential, boasting an estimated upside of 32.02%. The quantitative hedge fund, which manages $60 billion, showcased a solid performance in a challenging market environment, despite ultimately trailing the S&P 500 index. Adobe reported impressive Q1 FY25 results with a 10% increase in revenue and strong growth across its Digital Media and Experience segments. While an analyst recently lowered the price target for Adobe, the company remains a strong player in the generative AI space, further driving its appeal among investors.
Source: YAHOO