Guggenheim analyst John DiFucci raised the firm’s price target on Oracle (ORCL) to $375 from $250 and keeps a Buy rating on the shares. Oracle’s fiscal Q1 results “give a peek into a future that we haven’t seen in over 25 years covering the Software sector,” says the analyst, who questions: “If Oracle can run the most demanding Cloud workloads better than anyone, why shouldn’t they be able to run less demanding workloads better than others?” Oracle remains the analyst’s Best Idea and the firm is raising its price target following the Q1 report based on higher cash flow estimates in the out years.
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