Oracle price target raised to $195 from $145 at RBC Capital

RBC Capital raised the firm’s price target on Oracle (ORCL) to $195 from $145 and keeps a Sector Perform rating on the shares. The company reported a solid quarter and posted solid RPO – Remaining Performance Obligations – growth, with Cloud revenue coming in at the top end of the guidance range, the analyst tells investors in a research note. CapEx also came in higher than expected in the quarter at $9.1B on the back of continued demand for capacity, the firm added.