Piper Sandler analyst Brent Bracelin raised the firm’s price target on Oracle to $175 from $150 and keeps an Overweight rating on the shares following quarterly results. After witnessing three straight quarters of accelerating cRPO growth to 18% year-over-year in Q1, the firm has increasing confidence in the durability of a multi-quarter growth acceleration at Oracle. Piper is particularly encouraged by broad-based strength across multiple dimensions, including multi-cloud partners, increasing Alloy demand, cloud database strength, and OCI momentum.
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