TD Cowen raised the firm’s price target on Oracle (ORCL) to $400 from $375 and keeps a Buy rating on the shares. The firm attended the company’s analyst day and said the guidance was highly encouraging wth the company raising its OCI forecast, providing FY30 revenue targets greater than $25b which is above the Street and EPS greater than $2.50 which was also above Street estimates.
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:
- Oracle price target raised to $385 from $350 at Evercore ISI
- Oracle Stock Is Winning the AI Narrative, But Investors Want Proof, Not Prophecy
- Here’s Why Oracle Stock (ORCL) Is Trending Lower Today
- Oracle price target raised to $331 from $208 at Stephens
- Oracle well positioned to keep capturing AI infrastructure share, says BofA