Deutsche Bank analyst Brad Zelnick reiterates a Buy rating on Oracle with a $120 price target following last night’s fiscal Q2 results. The quarter is "particularly impressive" against a difficult backdrop, featuring organic acceleration and Cloud Infrastructure strength, Zelnick tells investors in a research note. "If there is any company where we feel comfortable relying on capex as a leading indicator, it would be Oracle, and it is expected to remain at these levels for the next few quarters," Zelnick tells investors in a research note.
Published first on TheFly
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