BofA lowered the firm’s price target on Oracle (ORCL) to $175 from $195 and keeps a Neutral rating on the shares. The company’s fiscal Q3 results “were healthy overall,” but the “lofty” fiscal 2026 and 2027 targets, backed by cloud momentum, “are likely a stretch,” the analyst tells investors in a research note. The firm says Oracle’s current backlog growth is slowing, albeit from a “healthy level,” while its spending ramp is expected to weigh on margin going forward.
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