Bernstein raised the firm’s price target on Oracle (ORCL) to $213 from $202 and keeps an Outperform rating on the shares following quarterly results. The firm says that while the stock reaction was not pretty in the after market and the quarter and the guidance was in-line to mixed, the story has not changed. In fact, the key drivers of the story were even better than last quarter, Bernstein adds.
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 Reports Strong Q2 Growth with Cloud and AI Focus
- Closing Bell Movers: Oracle slips 8% after Q2 earnings miss, disappointing guide
- Oracle sees Q3 EPS $1.50-$1.54, consensus $1.57
- Oracle backs FY25 revenue view up double digits
- ORCL Earnings: Oracle Stock Falls 7% as Results Miss Wall Street Targets