Barclays raised the firm’s price target on Oracle (ORCL) to $400 from $367 and keeps an Overweight rating on the shares following the analyst meeting. The firm sees further upside in the shares with remaining performance obligation estimates moving higher. The $65B of RPOs signed in Q2 already shows Oracle’s momentum remains strong, the analyst tells investors in a research note. Barclays says the company’s new fiscal 2030 targets came in well ahead of recently updated Street numbers..
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