Oracle Q4 results top estimates as cloud demand bolsters performance
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CFRA Upgrades Oracle (ORCL) to Hold, 'We like momentum from cloud applications'
June 13, 2023 11:56 AM EDTCFRA 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 EDTOracle (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
