Shares of software companies are trading higher, possibly amid broader market strength as promising economic data and easing oil prices reduce rate-hike concerns. Reports suggesting Silver Lake is in talks to acquire Workday may be lifting related peers.

Why Is Adobe Stock Surging on Thursday?

Adobe Inc (NASDAQ: ADBE) stock is trading higher Thursday following quarterly earnings results from Salesforce Inc (NYSE: CRM).

Shares of enterprise application software are trading higher amid sympathy with Salesforce after the company reported Q2 financial results.

Wolfe Research Maintains Outperform on BILL Holdings, Raises Price Target to $60

Wolfe Research analyst Darrin Peller maintains BILL Holdings (NYSE:BILL) with a Outperform and raises the price target from $57 to $60.

TD Cowen Maintains Buy on Braze, Raises Price Target to $36

TD Cowen analyst Derrick Wood maintains Braze (NASDAQ:BRZE) with a Buy and raises the price target from $30 to $36.

Oppenheimer Maintains Outperform on Braze, Raises Price Target to $36

Shares of cybersecurity-related companies are trading higher amid sympathy with Crowdstrike and Okta after those companies reported better-than-expected financial results and raised their respective guidance metrics above estimates.

CRWD and OKTA