DA Davidson raised the firm’s price target on Oracle (ORCL) to $200 from $180 and keeps a Buy rating on the shares. The firm notes that the company’s earnings beat expectations on top and bottom line while holding on to margins, the analyst tells investors in a research note. Oracle continues to deliver infrastructure at an accelerating pace, with management highlighting 90% of the 400MW delivered in the quarter was on or ahead of schedule, the firm added.
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