Evercore ISI raised the firm’s price target on Oracle (ORCL) to $340 from $270 and keeps an Outperform rating on the shares. While fiscal Q1 revenue and EPS were largely in line with expectations, the “standout from the quarter” was RPO surging 359% to $455B, notes the analyst, who says this “huge jump” in OCI RPO supports the firm’s long-term revenue and EPS acceleration thesis.
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