JP Morgan Maintains Neutral on Oracle, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Murphy has maintained a Neutral rating on Oracle (NYSE:ORCL) and increased the price target from $100 to $105.
March 12, 2024 | 10:19 am
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POSITIVE IMPACT
Oracle's price target has been raised from $100 to $105 by JP Morgan, while maintaining a Neutral rating.
The increase in Oracle's price target by JP Morgan reflects a positive outlook on the company's valuation, potentially leading to increased investor confidence and a short-term positive impact on the stock price. The Neutral rating suggests that while the analyst sees improved valuation, there may still be factors that prevent a more bullish stance at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100