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Adobe (NASDAQ:ADBE) is one of the new entrants to Mizuho’s monthly collection of great hits. The top list contains the ideas the bank’s U.S. analysts find most compelling.
Analyst Gregg Moskowitz says Adobe (ADBE) Artificial Intelligence monetization is being “undervalued” by Wall Street, which should become more apparent in the second half of 2024.
“We continue to believe that ADBE will ultimately exceed its recently raised FY25 new digital media ARR target (net new digital media ARR of $1.95B),” Moskowitz said, although he noted that AdAdobe is also viewed by many as “artificial intelligence.” loser”.
Mizuho’s other top picks in the tech sector are:
- Amazon (NASDAQ: AMZN) Based on its AWS data warehousing and solution ecosystem and Gen-AI’s market approach.
- Ctrip Group (NASDAQ: TCOM) will benefit from consumers shifting spending from goods to services, as well as the continued recovery of Chinese outbound tourism.
- Paypal(NASDAQ:PYPL) Considered to have a compelling valuation and attractive risk profile, the new Fastlane checkout solution and the stability of brand checkout trends are seen as encouraging signs.
- Globante (NYSE:GLOB) Be viewed as a leader in artificial intelligence services and seen as competitive to continue to gain share in next-generation GenAI, ML and data analytics technologies.
- Nvidia(NASDAQ: NVDA) Mizuho said that as the artificial intelligence computing market will grow fivefold in the next three years, it is expected to maintain a market share of more than 60%.
- Oracle (NYSE:ORCL) Mizuho Group has attracted much attention for its OCI product, but Mizuho said investors still underestimated the product from a price and performance perspective.
