Oracle (ORCL) PT Raised to $62 at Drexel Hamilton on 4Q Beat; 'Cloud Momentum Takes Oracle Back to 2000 Again'
Drexel Hamilton raised its price target on Oracle (NYSE: ORCL) to $62.00 (from $53.00) while maintaining a Buy rating, following the company's fourth quarter earnings report.
Analyst Brian White notes the company delivered fourth quarter earnings per share, revenues and margins above consensus projections citing momentum in the cloud, as company maintains a strong position in SaaS and PaaS market.