Billionaires Were Busy Buying This AI Software Stock in Q2
Billionaire investors David Tepper of Appaloosa Management and Stanley Druckenmiller of Duquesne Capital were both adding shares of (NASDAQ: ADBE) to their portfolios in the second quarter.
Tepper initially started his position in the software company in Q1 and then added to it in the second quarter. It is now his ninth-largest position. Druckenmiller, meanwhile, initiated a new position in the stock during the quarter.
Let's look at what may have attracted these two well-known investors to Adobe's stock.
Source Fool.com
Adobe Inc. Stock
€502.10
-0.870%
The stock is one of the favorites of our community with 60 Buy predictions and 2 Sell predictions.
With a target price of 588 € there is a slightly positive potential of 17.11% for Adobe Inc. compared to the current price of 502.1 €.
