Stifel analyst Brad Reback lowered the firm’s price target on Oracle (ORCL) to $220 from $275 and keeps a Buy rating on the shares. The firm expects sustained capex growth in FY27 to $75B, but believes that accelerating IaaS growth stemming from AI and multi-database cloud, and sustained momentum in SaaS apps, should lead to better EPS growth rates in FY27, the analyst tells investors in a post-earnings note.
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