JP Morgan Downgrades Oracle to Neutral, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Murphy has downgraded Oracle (NYSE:ORCL) from Overweight to Neutral and lowered the price target from $112 to $100.
September 13, 2023 | 1:13 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Oracle's rating has been downgraded from Overweight to Neutral by JP Morgan, with a lowered price target from $112 to $100.
The downgrade by JP Morgan from Overweight to Neutral indicates a less optimistic outlook for Oracle. The lowering of the price target from $112 to $100 also suggests that the analyst sees less upside potential in the stock, which could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100