Stifel Maintains Hold on Oracle, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brad Reback maintains a Hold rating on Oracle (ORCL) and raises the price target from $100 to $120.
March 12, 2024 | 1:29 pm
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Stifel analyst Brad Reback maintains a Hold rating on Oracle but raises the price target from $100 to $120.
The increase in price target by Stifel suggests a positive outlook on Oracle's future performance, potentially leading to increased investor confidence and a short-term positive impact on the stock price. However, the Hold rating indicates that the analyst sees the stock as fairly valued at its current price, which might temper the positive impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100