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Oracle (ORCL) now seen as a buy at Argus

March 14, 2024 1:32 PM EDT

(Updated - March 14, 2024 2:06 PM EDT)

On Thursday, Oracle (NYSE: ORCL) received an upgrade from Argus, moving from a Hold to a Buy rating, accompanied by a new price target set at $145 per share. The upgrade follows Oracle's reported fiscal performance, which included a 16% increase in non-GAAP earnings per share (EPS) on a 7% growth in revenue.

Argus has adjusted its fiscal year 2024 EPS estimate for Oracle to $5.61, up from the... More

Argus Upgrades Oracle (ORCL) to Buy

March 14, 2024 7:38 AM EDT

Argus analyst Joseph Bonner upgraded Oracle (NYSE: ORCL) from Hold to Buy with a price target of $145.00.

The analyst comments "Management sees revenue acceleration into FY25. Oracle reported a 16% increase in non-GAAP EPS on 7% revenue growth in fiscal. We are raising Our... More