Piper Sandler Maintains Overweight on Oracle, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Oracle (NYSE:ORCL) but has reduced the price target from $130 to $125.
December 12, 2023 | 9:45 am
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Piper Sandler has maintained an Overweight rating on Oracle but lowered the price target from $130 to $125, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of an Overweight rating suggests that Piper Sandler continues to have a positive outlook on Oracle's stock. However, the reduction in the price target could reflect a minor adjustment in growth expectations or market conditions, which may have a neutral to slightly negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100