Oracle Announces Fiscal 2024 Fourth Quarter and Fiscal Full Year Financial Results

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Go back to Oracle Announces Fiscal 2024 Fourth Quarter and Fiscal Full Year Financial Results

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

Oracle (ORCL) PT Raised to $150 at CFRA

June 12, 2024 5:15 AM EDT

CFRA analyst Angelo Zino raised the price target on Oracle (NYSE: ORCL) to $150.00 (from $142.00) while maintaining a Hold rating.

The analyst comments "We up our 12-month target to $150 from $142, on a P/E of 22x our CY25 EPS estimate of $6.80, above... 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

Oracle (ORCL) Misses Q4 EPS by 2c

June 11, 2024 4:05 PM EDT

Oracle (NYSE: ORCL) reported Q4 EPS of $1.63, $0.02 worse than the analyst estimate of $1.65. Revenue for the quarter came in at $14.3 billion versus the consensus estimate of $14.6 billion.

For earnings history and earnings-related data on Oracle (ORCL) click here.

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