BofA lowered the firm’s price target on Oracle to $122 from $132 and keeps a Neutral rating on the shares after the company reported “disappointing” Q2 results, including revenue that fell short of consensus estimates. Despite the revenue shortfall, Oracle was able to outperform in terms of profitability and reported pro forma EPS ahead of expectations, notes BofA, which has updated its estimates to reflect the earnings results and call. The firm is also lowering the multiple it applies to its revised estimates to reflect a higher degree of risk of achieving FY26 revenue and margin targets.
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