Citi raised the firm’s price target on Oracle (ORCL) to $186 from $160 and keeps a Neutral rating on the shares. Heading into Oracle’s fiscal Q4 print, the firm has increased confidence in company fundamentals but sees risk to near-term earnings estimates. Citi’s quarterly reseller survey showed improvement in quota achievement, offset by weaker growth, the analyst tells investors in a research note. The firm would look to get more constructive on the shares on greater conviction around the pace of profitability improvement in cloud and a database modernization story.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- Oracle Set for a ‘Comeback Quarter,’ Says Top Analyst Ahead of Q4 Earnings
- Is Oracle Stock a Buy Before Earnings? Here’s What Spark Thinks
- Options Volatility and Implied Earnings Moves This Week, June 09 – June 12, 2025
- Oracle’s Financial Outlook: Balancing Cloud Transition Costs and Growth Potential
- Oracle price target raised to $200 from $175 at BMO Capital