Oracle Likely To Post Higher Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Oracle Corporation (NYSE:ORCL) is expected to report higher Q1 earnings for fiscal year 2024, with analysts predicting a rise from $1.03 to $1.14 per share. The company's revenue is also expected to increase from $11.45 billion to $12.46 billion. Oracle's stock price closed at $126.32 on Friday, up 1%. Several analysts have recently updated their price targets for Oracle, with the highest being $145.
September 11, 2023 | 2:09 pm
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Oracle is expected to report higher Q1 earnings and revenue for FY2024. Analysts have recently updated their price targets for the company, with the highest being $145.
The expected increase in Oracle's Q1 earnings and revenue, along with the recent positive price target updates by analysts, could lead to a short-term positive impact on the company's stock price.
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