Adobe Inc. (ADBE) purchased by Trump's fellow Republican amidst market turmoil.

From Yahoo Finance: 2025-05-14 12:56:00

A list of 10 tech stocks that Trump’s fellow Republican bought amid a market rout was recently published. Adobe Inc. (ADBE) is one of the companies in focus. Politicians’ stock investments can give insights into potential policy treatment. Marjorie Taylor Greene stood out for buying stocks during market downturns, with some already recovering from lows.

Green’s recent trades were reported and ranked by the number of hedge funds holding the stock. Adobe Inc. (ADBE) has 117 hedge fund holders. The tech company operates in Digital Experience, Digital Media, and Publishing and Advertising segments, offering various services.

KeyBanc Capital Markets upgraded Adobe from Underweight to Sector Weight, citing limited downside risk. Analysts predict stable fundamentals throughout the fiscal year. Argus also upgraded Adobe, foreseeing double-digit growth in earnings and revenue driven by generative AI tools. The firm anticipates artificial intelligence product revenue to double by 2025.

While Adobe ranks 3rd on the list of tech stocks bought by Trump’s fellow Republican, some AI stocks may offer higher returns in a shorter time frame. A report highlights an AI stock showing promise for significant gains and trading at a low multiple of earnings. For more on AI stocks, check out the links provided.



Read more at Yahoo Finance: Is Adobe Inc. (ADBE) the Tech Stock That Trump’s Fellow Republican Bought Amid Market Rout?