Oracle price target raised to $400 from $375 at Guggenheim

Guggenheim analyst John DiFucci raised the firm’s price target on Oracle (ORCL) to $400 from $375 and keeps a Buy rating on the shares. The firm came out of Oracle’s Financial Analyst Day “even more encouraged than before about this being a decade stock,” says the analyst, who sees revenue acceleration over the next few years being led by AI training deals that “are comfortably profitable today and are likely to be more so over time.”