Evercore ISI Group Maintains Outperform on Oracle, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Kirk Materne has maintained an Outperform rating on Oracle (NYSE:ORCL) but has reduced the price target from $135 to $130.

December 12, 2023 | 3:38 pm
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Evercore ISI Group maintains an Outperform rating on Oracle but lowers the price target from $135 to $130.
The reduction in price target by Evercore ISI Group reflects a slightly more conservative valuation of Oracle, possibly due to market conditions or company performance. However, maintaining an Outperform rating indicates the analyst still sees positive potential in the stock. The impact on the stock price is likely to be neutral in the short term as the reduction is not significant and the positive outlook is reaffirmed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100