Jefferies tells investors in a research note that the firm is incrementally bullish on Oracle (ORCL) following the company’s announcement that it has signed multiple large cloud service contracts, including one that is expected to contribute more than $30B in annual revenue starting in fiscal 2028. Jefferies is bullish on the potential for upside to Oracle’s long-term targets, with its upcoming analyst day as a potential catalyst. Jefferies has a Buy rating and $220 price target on the shares.
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