Piper Sandler analyst Brent Bracelin raised the firm’s price target on Oracle to $85 from $75 and keeps a Neutral rating on the shares. The company’s November quarter results were solid and "better-than-feared relative to recessionary headwinds," Bracelin tells investors in a research note. He raised the price target to reflect a slightly higher growth trajectory through fiscal 2027 and the assumption that the free cash flow margin has troughed and could begin to recover into next year. However, Bracelin wants to see further evidence of a sustainable path to double-digit revenue growth and improving free cash flow margins for Oracle.
Published first on TheFly
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