Citi raised the firm’s price target on Oracle (ORCL) to $320 from $310 and keeps a Buy rating on the shares. The company reported “reassuring” fiscal Q3 results that helped refute the ongoing investor concerns around data center delays, the analyst tells investors in a research note. Citi upped estimates post the earnings print.
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’s ‘Restructuring Is Code for Layoffs,’ Analyst Warns — Can ORCL Stock Keep Rising?
- Oracle’s Common Stock Faces Structural Disadvantage to Mandatory Convertible Preferred Shares, Heightening Downside Risk for Investors
- Oracle Stock Skyrockets as Guggenheim Analyst Forecasts a Future ‘Free Cash Flow Waterfall in Fiscal 29 and 30’
- Oracle Earnings Call Showcases Surging Cloud And AI
- Oracle’s (ORCL) $553B Backlog Signals Strong AI Demand. Which 3 Stocks Could Benefit the Most?