Oracle forecasts Q3 revenue below estimates on weak cloud spending, shares fall
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Bernstein says Oracle (ORCL) growth pains continue as it strives to meet demand
December 12, 2023 2:29 PM ESTBernstein raised its price target for Oracle (NYSE: ORCL) to $147 from $144 per share, maintaining an Outperform rating on the stock in a note Tuesday following the company's latest quarterly earnings.
After the close on Monday, the company reported Q2 EPS of $1.34, $0.01 better than the analyst estimate of $1.33. Revenue for the quarter came in at $12.9 billion, missing the consensus estimate of... More
