Goldman Sachs Maintains Neutral on Oracle, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan maintains a Neutral rating on Oracle (NYSE:ORCL) and raises the price target from $75 to $120.

June 14, 2023 | 1:08 pm
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Goldman Sachs maintains a Neutral rating on Oracle and raises the price target from $75 to $120.
Goldman Sachs' decision to maintain a Neutral rating on Oracle indicates that they do not expect significant changes in the stock's performance. However, the raised price target from $75 to $120 suggests that they see potential for growth in the stock's value. This news may not have a strong short-term impact on the stock price, but it could influence investor sentiment and potentially lead to a gradual increase in the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100