Oracle Analysts Boost Their Forecasts After Strong Q4 Results
Portfolio Pulse from Lisa Levin
Oracle Corporation reported better-than-expected Q4 results with a 17% YoY increase in revenue to $13.8 billion and adjusted earnings of $1.67 per share. Following the announcement, several analysts raised their price targets on the company's stock.
June 13, 2023 | 12:42 pm
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POSITIVE IMPACT
Oracle's strong Q4 results led to several analysts raising their price targets on the company's stock, potentially driving its price higher.
Oracle's better-than-expected Q4 results indicate strong financial performance, which has led analysts to raise their price targets. This positive sentiment from analysts is likely to drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100