Cantor Fitzgerald raised the firm’s price target on Oracle (ORCL) to $400 from $271 and keeps an Overweight rating on the shares. Following the quarterly results, Oracle is positioned to benefit from secular growth trends in AI training and inferencing as well as potential upside to increased forecasts, 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: