BMO Capital analyst Keith Bachman raised the firm’s price target on Oracle to $132 from $96 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The company’s results and guidance were “solid” with 77% constant-currency IaaS growth, 27% FCF margin and 8% revenue growth guide for Q1, the analyst tells investors in a research note. While the double digits CRPO growth was disappointing, Oracle is tracking to its longer-term targets, the firm added.
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