Oracle surges as annual revenue growth outlook tops estimates amid solid AI demand
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Microsoft (MSFT) PT Raised to $550 at Tigress Financial Partners
June 13, 2024 3:55 PM EDTTigress Financial Partners analyst Ivan Feinseth raised the price target on Microsoft (NASDAQ: MSFT) to $550.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on MSFT and increase our 12-month target price to $550 as it is increasingly positioned to lead the AI revolution through the ongoing integration of generative AI functionality throughout its software stack and product portfolio. AI cloud integration and the ramp-up of AI-enabled product offerings fueled another quarter of near-record revenue and record operating results. MSFT recently reported Q3 2024 revenue increased 17% Y/Y to a near-record $61.9... More
JPMorgan Reiterates Overweight Rating on Amazon.com (AMZN), 'remains our best idea'
June 13, 2024 10:08 AM EDTJPMorgan analyst Doug Anmuth reiterated an Overweight rating and $240.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Following up on Retail vs. AMZN Episode 12; AMZN WMT - 2 Behemoths Collide (report, slides, video replay) published w/JPM Retail analyst Chris... More
Oracle (ORCL) PT Raised to $140 at Citi
June 12, 2024 7:07 AM EDTCiti 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 EDTBarclays 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
