Barclays Maintains Overweight on Oracle, Lowers Price Target to $147
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on Oracle (NYSE:ORCL) but lowered the price target from $150 to $147.

September 12, 2023 | 4:14 pm
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NEUTRAL IMPACT
Oracle's price target has been lowered from $150 to $147 by Barclays, though the Overweight rating is maintained.
The news of Barclays lowering Oracle's price target could potentially create some uncertainty among investors, possibly leading to short-term price volatility. However, the maintained Overweight rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100