Barclays Maintains Overweight on Oracle, Raises Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on Oracle and increased the price target from $160 to $172.
September 10, 2024 | 2:35 pm
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Barclays analyst Raimo Lenschow has maintained an Overweight rating on Oracle and increased the price target from $160 to $172, indicating confidence in Oracle's future performance.
The increase in price target from $160 to $172 by Barclays suggests a positive outlook on Oracle's future performance. The Overweight rating indicates that the analyst expects Oracle to outperform its peers, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100