Morgan Stanley Maintains Equal-Weight on Oracle, Raises Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss maintains an Equal-Weight rating on Oracle (NYSE:ORCL) and raises the price target from $105 to $106.
September 12, 2023 | 12:58 pm
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POSITIVE IMPACT
Oracle's price target has been raised from $105 to $106 by Morgan Stanley, which maintains an Equal-Weight rating on the stock.
The news is directly about Oracle and is likely to have a positive impact on its stock price in the short term. The increase in price target indicates that the analyst sees potential for the stock's price to rise. However, the Equal-Weight rating suggests that the stock is expected to perform in line with the market, indicating a moderate level of importance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100