DZ Bank Upgrades Oracle to Buy, Announces $125 Price Target
Portfolio Pulse from Benzinga Newsdesk
DZ Bank analyst Ingo Wermann has upgraded Oracle (NYSE:ORCL) from Hold to Buy and set a price target of $125.
September 14, 2023 | 11:55 am
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POSITIVE IMPACT
Oracle's stock has been upgraded to Buy from Hold by DZ Bank, with a new price target of $125.
The upgrade from DZ Bank is a positive signal for Oracle. It indicates that the bank sees potential for the stock's price to increase, hence the Buy rating. The new price target of $125 also suggests that the bank believes the stock is undervalued at its current price. This could lead to increased buying pressure for Oracle's stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100