Oracle price target raised to $145 from $125 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Oracle to $145 from $125 and keeps an Equal Weight rating on the shares. With bookings growth picking back up in Q1, along with Strategic Apps and OCI revenues, key Oracle trendlines inflected positively after the Q4 downturn, the analyst tells investors in a post-earnings note. However, gross margins saw further pressure and billings growth still lags, which the firm sees adding risk to the earnings outlook, the analyst added.