BofA raised the firm’s price target on Oracle to $175 from $155 and keeps a Neutral rating on the shares. Oracle delivered “another quarter of accelerating RPO growth” as the company continues to transition to the cloud and Oracle Cloud Infrastructure growth accelerated 3% points to 46% year-over-year, the analyst tells investors. However, the outlook was “somewhat mixed” and a fairly steep ramp will be needed to achieve the $65B FY26 target set forth two years ago and total cloud growth will have to accelerate and sustain mid-20s in the firm’s model, added the analyst.
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