Oracle Analyst Sees More Upside To Stock After Monday's 6% Surge
Portfolio Pulse from Benzinga Newsbot
Oracle Corporation (NYSE:ORCL) has experienced impressive growth in the cloud sector, with Q4 earnings beating top-line estimates and Cloud Infrastructure growth of 77%. Analyst Brent A. Bracelin of Piper Sandler maintains an Overweight rating on Oracle's stock with a price target of $130.
June 13, 2023 | 6:46 am
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Oracle's Q4 earnings report shows strong cloud growth, leading to a bullish outlook from analysts and a price target of $130.
Oracle's Q4 earnings report exceeded top-line estimates, with Cloud Infrastructure growth of 77%. This strong performance in the cloud sector has led to a bullish outlook from analysts, including Brent A. Bracelin of Piper Sandler, who maintains an Overweight rating on Oracle's stock with a price target of $130. This positive sentiment is likely to have a short-term positive impact on Oracle's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100