Oracle price target lowered to $175 from $214 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Oracle (ORCL) to $175 from $214 and keeps an Overweight rating on the shares. Oracle’s adjusted EPS was in line with estimates, though Q3 revenue and free cash flow were below expectations, with the top-line miss driven by SaaS, the analyst tells investors in a research note. The firm’s new price target factors in higher execution risks of higher capital expenditures, supply constraints, and dependency on training revenues near-term.