Morgan Stanley raised the firm’s price target on Oracle (ORCL) to $246 from $175 and keeps an Equal Weight rating on the shares. Oracle’s FY29 revenue target could be revised towards about $125B at the upcoming analyst day, but building gross margin pressure implies $11.50-12.00 in EPS and upside appears priced in assuming a Microsoft-type (MSFT) multiple, the analyst tells investors.
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