BMO Capital raised the firm’s price target on Oracle to $173 from $160 and keeps a Market Perform rating on the shares. The company delivered another quarter with robust RPO, or Remaining Performance Obligations, growth despite seasonality, the analyst tells investors in a research note. The cloud capacity is catching up with the rollout of new data centers, and thus the firm expects Oracle’s strong pipeline to turn into revenue acceleration in FY25 and FY26, BMO added.
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