Barclays analyst Raimo Lenschow raised the firm’s price target on Oracle (ORCL) to $281 from $221 and keeps an Overweight rating on the shares as part of a fiscal Q1 earnings preview. While Oracle’s Q1 is normally a small seasonal quarter that doesn’t matter, this year will be different as the focus will be on the $30B annual recurring revenue deal announced in June, the analyst tells investors in a research note.
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:
- Mizuho Adds Four Stocks to Its September Top Picks List
- Oracle Stock (ORCL) Is About to Report Q1 Earnings Tomorrow. Here Is What to Expect
- Ahead of Q3 Earnings, Let’s Look at Who Owns Adobe Stock (ADBE)
- ORCL Earnings this Week: How Will it Perform?
- NVDA, AMD, AVGO: President Trump Again Threatens Big Tariffs on Semiconductors