Jefferies analyst Brent Thill raised the firm’s price target on Oracle to $190 from $170 and keeps a Buy rating on the shares after attending CloudWorld + Oracle’s investor session and hosting a partner dinner in Vegas last week. The firm believes Oracle is “getting its mojo back” as OCI and backlog growth are accelerating, updated targets imply a 14% CAGR over the next 5 years, and customer/partner feedback screen incrementally positive. Valuation reflects a rare acceleration story in software, Jefferies adds.
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