Oracle (ORCL) PT Raised to $120 at UBS
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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
June 13, 2023 8:28 AM EDT
Following Oracle's (NYSE: ORCL) latest earnings release, Goldman Sachs analyst Kash Rangan upgraded the company's shares to Neutral from Sell with a $120 price target.
The analyst told investors in a note that they are upgrading the stock "after a solid F4Q print and 1Q guide that alleviated concerns key to our Sell thesis which centered primarily on mounting CapEx... More
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
