UBS Maintains Buy on Oracle, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Karl Keirstead has maintained a Buy rating on Oracle (NYSE:ORCL) but has reduced the price target from $135 to $125.

December 12, 2023 | 12:45 pm
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UBS has maintained a Buy rating on Oracle but lowered the price target from $135 to $125, indicating a positive outlook with a reduced growth expectation.
While the Buy rating suggests that UBS remains optimistic about Oracle's future performance, the reduction in the price target may reflect a more cautious view on the company's growth potential or market conditions. This could lead to a neutral short-term impact on the stock as the positive sentiment from the Buy rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100