RBC Capital Initiates Coverage On Oracle with Sector Perform Rating, Announces Price Target of $165
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has initiated coverage on Oracle with a Sector Perform rating and set a price target of $165.
October 23, 2024 | 1:21 pm
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RBC Capital has initiated coverage on Oracle with a Sector Perform rating and a price target of $165, indicating a neutral outlook.
The Sector Perform rating suggests that Oracle's stock is expected to perform in line with the sector average. The price target of $165 provides a specific valuation expectation, which is important for investors. However, the neutral rating implies no significant short-term price movement is expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100