Oracle price target raised to $172 from $160 at Barclays

Barclays raised the firm’s price target on Oracle to $172 from $160 and keeps an Overweight rating on the shares following the fiscal Q1 report. The large remaining performance obligation beat in Q1 suggests that “there are even better times ahead” for Oracle, which means the stock will likely move higher, the analyst tells investors in a research note. The firm believes the stock “still seems under-owned by many long-only accounts.”