Oracle Cloud Infrastructure Announces OCI Compute Instances Based on New 4th Generation AMD EPYC Processors

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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