BMO Capital analyst Keith Bachman raised the firm’s price target on Oracle to $160 from $142 and keeps a Market Perform rating on the shares. The company’s solid Cloud Infrastructure bookings for two successive quarters and a healthy FY25 revenue guide compare favorably to the general tepid results in the firm’s software and IT services coverage universe, the analyst tells investors in a research note. Oracle has also moved into an “enviable position”, representing a unique combination of cloud infrastructure and enterprise software, the firm added.
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