Oracle (ORCL) Tops Q4 EPS by 9c

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Go back to Oracle (ORCL) Tops Q4 EPS by 9c

CFRA Upgrades Oracle (ORCL) to Hold, 'We like momentum from cloud applications'

June 13, 2023 11:56 AM EDT

CFRA analyst Angelo Zino upgraded Oracle (NYSE: ORCL) from Sell to Hold with a price target of $130.00 (from $71.00).

The analyst comments "We boost our 12-month target to $130 from $71, shifting to P/E of 22x our CY 24 EPS estimate of $5.93, above... More

Oracle (ORCL) earnings impress Wall Street analysts

June 13, 2023 7:57 AM EDT

Oracle (NYSE: ORCL) reported earnings for its latest quarter after the close Monday, topping profit and revenue expectations.

The software vendor posted Q4 earnings of $1.67 per share, $0.09 better than the analyst estimate of $1.58, while revenue for the quarter came in at $13.8 billion versus the consensus estimate of $13.74 billion.

Oracle shares are up more than 5% premarket, trading close to the $123 mark.

Here's how Wall Street analysts reacted:

Goldman Sachs analyst Kash Rangan said... More