Dow Jones, Nasdaq, S&P 500 weekly preview: FOMC in focus after strong jobs report

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Oracle (ORCL) PT Raised to $140 at Citi

June 12, 2024 7:07 AM EDT

Citi analyst Tyler Radke raised the price target on Oracle (NYSE: ORCL) to $140.00 (from $128.00) while maintaining a Neutral rating.

The analyst comments "A broad-based revenue miss was saved once again by strong bookings performance as ORCL notched several key AI training contracts... More

Oracle (ORCL) PT Raised to $160 at Barclays

June 12, 2024 6:27 AM EDT

Barclays analyst Raimo Lenschow raised the price target on Oracle (NYSE: ORCL) to $160.00 (from $147.00) while maintaining a Overweight rating.

The analyst comments "Strong RPO growth combined with raised capex guidance suggests ongoing momentum for ORCL. Not all of this is... More

Oracle (ORCL) PT Raised to $155 at BofA Securities

June 12, 2024 6:05 AM EDT

BofA Securities analyst Kash Rangan raised the price target on Oracle (NYSE: ORCL) to $155.00 (from $144.00) while maintaining a Neutral rating.

The analyst comments "Oracle delivered solid Q4 results, with cloud strength driving incremental backlog/RPO of $18 billion, driven by strength in multi year... More

Oracle (ORCL) PT Raised to $135 at Stifel

June 12, 2024 5:16 AM EDT

Stifel analyst Brad Reback raised the price target on Oracle (NYSE: ORCL) to $135.00 (from $120.00) while maintaining a Hold rating.

The analyst comments "Oracle missed street estimates across the board. That said, the stock gained ~10% AHs as RPO growth accelerated to 44% Y/Y (vs 29% in... More

Deutsche Bank Reiterates Buy Rating on Oracle (ORCL)

June 12, 2024 5:13 AM EDT

Deutsche Bank analyst Brad Zelnick reiterated a Buy rating and $150.00 price target on Oracle (NYSE: ORCL).

The analyst comments "AI demand was the star of the show with 30+ contracts totaling $12.5bn signed in F4Q alone, punctuated by OpenAI selecting OCI to train its LLMs, joining many of the... More

Oracle (ORCL) PT Raised to $160 at Evercore ISI

June 12, 2024 5:12 AM EDT

Evercore ISI analyst Kirk Materne raised the price target on Oracle (NYSE: ORCL) to $160.00 (from $145.00) while maintaining a Outperform rating.

The analyst comments "Bottom line: Not surprisingly, there were some moving parts to Oracles F4Q as revenue came in at $14.3bn vs. consensus of $14.5bn and EPS was $1.63 vs. expectations of $1.65. There were a multitude of factors that led to the... More

DA Davidson Reiterates Neutral Rating on Oracle (ORCL)

June 12, 2024 5:09 AM EDT

DA Davidson analyst Gil Luria reiterated a Neutral rating and $105.00 price target on Oracle (NYSE: ORCL).

The analyst comments "We maintain our NEUTRAL rating and $105 price target following a miss and guide below consensus, offset by heightened demand for AI training compute capacity on Oracle's... More

NVIDIA (NVDA) PT Raised to $150 at Argus, 'We recommend establishing or adding to positions'

June 11, 2024 7:27 AM EDT

Argus analyst Jim Kelleher raised the price target on NVIDIA (NASDAQ: NVDA) to $150.00 (from $110.00) while maintaining a Buy rating.

The analyst comments "Following a highly successful FY24, Nvidia, in our view, is positioned for continued momentum in FY25. The NVDA shares have... More

Citi Reiterates Buy Rating on Broadcom Limited (AVGO)

June 11, 2024 5:37 AM EDT

Citi analyst Christopher Danely reiterated a Buy rating and $1,560.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Broadcom will release F3Q24 results on June 12 after market close. We expect the company to report and guide above Consensus, driven by... More

Adobe downgraded as shares could be rangebound for a while - Melius Research

June 10, 2024 12:45 PM EDT

Melius Research analysts downgraded Adobe Systems (NASDAQ: ADBE) to Hold from Buy with a $510 price target, citing challenges from Artificial Intelligence (AI) in a note Monday.

The firm believes the software industry, including giants like Adobe, may be facing a period of disruption similar to the shift from on-premise hardware to cloud... More

NVIDIA (NVDA) PT Lowered to $131 at Evercore ISI

June 10, 2024 11:47 AM EDT

Evercore ISI analyst Mark Lipacis lowered the price target on NVIDIA (NASDAQ: NVDA) to $131.00 (from $1,310.00) while maintaining a Outperform rating.

The analyst comments "NVDA announced a 10-to-1 stock split on May 22, 2024 effective after markets close on June 7, 2024. Following this every shareholder will... More