Goldman Sachs Maintains Neutral on Oracle, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan maintains a Neutral rating on Oracle (NYSE:ORCL) and raises the price target from $115 to $130.

March 13, 2024 | 1:59 pm
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Goldman Sachs maintains a Neutral rating on Oracle and raises the price target from $115 to $130.
The increase in price target by Goldman Sachs from $115 to $130 suggests a positive outlook on Oracle's stock value in the short term. Although the rating remains Neutral, the raised target indicates an expectation of stock performance improvement, which could positively influence investor sentiment and potentially lead to a short-term price increase.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90