Piper Sandler Maintains Overweight on Oracle, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Oracle (NYSE:ORCL) and increased the price target from $122 to $140, indicating a positive outlook on the company's stock.
March 12, 2024 | 8:51 am
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Oracle's stock rating was maintained at Overweight by Piper Sandler, with a price target increase from $122 to $140, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Brent Bracelin from Piper Sandler typically signals a strong bullish sentiment towards the company's stock. This adjustment reflects expectations of higher future performance and profitability for Oracle, likely influencing investor confidence and potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100