JPMorgan raised the firm’s price target on Oracle to $140 from $120 and keeps a Neutral rating on the shares following the analyst day. The firm is “very positive” toward Oracle’s multi-cloud opportunity, saying it was “clearly the predominant factor being cited by conference attendees.” Oracle’s “resilient, sticky, and largely recurring” revenue stream positions the company well in a post-pandemic environment, the analyst tells investors in a research note.
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