Piper Sandler Maintains Overweight on Oracle, Lowers Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Oracle (NYSE:ORCL) but reduced the price target from $125 to $122.
January 02, 2024 | 3:16 pm
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Piper Sandler has maintained an Overweight rating on Oracle but lowered the price target from $125 to $122.
The reduction in price target by Piper Sandler could suggest a slightly more cautious outlook on Oracle's future price performance, but the maintenance of an Overweight rating indicates a continued positive view on the stock. The impact is likely to be neutral in the short term as the adjustment in price target is minor and does not change the overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100