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).
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Shares of software companies are trading higher after B of A Securities raised its price targets on several stocks. The analyst attributed the raise to a combination of strong earnings, accelerated growth across several names and a re-rating of valuations as concerns about AI-related disruption ease.
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- Aug 19, 2026, 7:46 PM
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