Stifel Nicolaus analyst Brad Reback has maintained their bullish stance on ORCL stock, giving a Buy rating today.
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Brad Reback has given his Buy rating due to a combination of factors that suggest potential for future growth in Oracle’s stock. Despite the current concerns about the profitability of Oracle’s new GPU capacity, Reback believes that the company’s gross margins in this segment are likely to improve as it scales.
Furthermore, Reback sees the current dip in Oracle’s stock price as a strategic buying opportunity, anticipating that the company will achieve significant operational expense leverage in the future. This positive outlook on Oracle’s ability to enhance its financial performance underpins the Buy rating.
In another report released today, Mizuho Securities also maintained a Buy rating on the stock with a $350.00 price target.