Citizens JMP raised the firm’s price target on Oracle (ORCL) to $315 from $240 and keeps an Outperform rating on the shares. The firm’s private company checks suggest an improvement from Q1 to Q2, the analyst tells investors in a research note. An industry source commented that “Oracle…has found its niche in this AI world,” Citizens adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- OpenAI Teams Up with Google Cloud, but Comes for Its Search Throne
- Moderately bullish activity in Oracle with shares up 3.19%
- Starbucks downgraded, Oracle initiated: Wall Street’s top analyst calls
- Oracle price target raised to $280 from $250 at UBS
- Scotiabank starts Oracle with an Outperform amid ‘white heat of AI revolution’