Citigroup Maintains Neutral on Oracle, Raises Price Target to $121
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Tyler Radke maintains a Neutral rating on Oracle (NYSE:ORCL) and raises the price target from $106 to $121.

June 14, 2023 | 4:04 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Oracle and raises the price target from $106 to $121.
Citigroup's decision to maintain a Neutral rating on Oracle indicates that they do not expect significant short-term price movement. However, the raised price target from $106 to $121 suggests a potential upside in the long term. The news is important for investors as it provides an updated outlook on the stock, but the Neutral rating implies that the short-term impact on the stock price is likely to be limited.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100