Oracle shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $120 to $140.
Portfolio Pulse from Benzinga Newsdesk
Oracle's stock has been upgraded from Neutral to Buy by UBS, with the price target raised from $120 to $140. This has resulted in Oracle shares trading higher.
August 29, 2023 | 3:23 pm
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POSITIVE IMPACT
UBS has upgraded Oracle's stock from Neutral to Buy and increased the price target from $120 to $140, leading to a rise in Oracle's share price.
The upgrade from UBS is a positive signal for Oracle, indicating increased confidence in the company's performance. The raised price target suggests that UBS sees potential for further growth in Oracle's stock, which is likely to attract investors and drive up the share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100