Oracle price target raised to $81 from $70 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Oracle to $81 from $70 and keeps an Equal Weight rating on the shares. Oracle’s exposure to back-office workflows and its "smaller but hyper-growth OCI business" make it sales less susceptible to growing macro pressure than other software names. Combined with the potential for solid margin improvement after recent layoffs, the shares "can hold onto recent gains," Lenschow tells investors in a research note.