Barclays analyst Raimo Lenschow lowered the firm’s price target on Oracle (ORCL) to $230 from $310 and keeps an Overweight rating on the shares as part of a Q3 earnings preview. The firm says Q3 will be another quarter with a meaningful AI-driven revenue acceleration for Oracle. However, the ongoing ramp will likely also pressure margins from upfront costs, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- Oracle price target lowered to $300 from $375 at Deutsche Bank
- Oracle Is About to Report Q3 Earnings. Options Traders Expect a Major Move in ORCL Stock
- Oracle Q3 Earnings Tomorrow — 3 Numbers That Could Move ORCL Stock
- Oracle Stock vs. AMD Stock: What Is the Best AI Stock to Buy Right Now?
- CRWV, BE: CoreWeave, Bloom Energy Stocks Drop on Oracle–OpenAI Project Update