Oracle (ORCL) PT Raised to $120 at UBS
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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
Goldman Sachs 'increasingly constructive' on Oracle's (ORCL) ability to deliver 2026 revenue target
June 13, 2023 8:28 AM EDTFollowing 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
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
