Cantor Fitzgerald analyst Thomas Blakey lowered the firm’s price target on Oracle (ORCL) to $229 from $266 and keeps an Overweight rating on the shares. Overall checks were better than expected driven by both DB and SaaS, and Cantor expects a relatively in-line report for IaaS and a better than expected report for SaaS, the analyst tells investors in a research note. Oracle is well positioned to benefit from its unique verticalized solution set in gaining share in apps as well as driving efficient AI usage across its platform, the firm argues.
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