Wolfe Research Maintains Outperform on Oracle, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Alex Zukin has maintained an Outperform rating on Oracle (NYSE:ORCL) but has reduced the price target from $140 to $130.
December 12, 2023 | 1:39 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Oracle's Outperform rating is maintained by Wolfe Research, but the price target is lowered from $140 to $130, indicating a potential upside but with moderated expectations.
The maintenance of an Outperform rating suggests Wolfe Research still sees Oracle as a strong investment, but the reduction in the price target could imply a slower growth forecast or potential headwinds. This news is likely to be taken as a mixed signal by investors, potentially leading to a neutral short-term impact on the stock price as the positive rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100