Oracle price target raised to $95 from $87 at Evercore ISI

Evercore ISI analyst Kirk Materne raised the firm’s price target on Oracle to $95 from $87 and keeps an In Line rating on the shares. The firm notes that Oracle shares were down modestly in the after-market, which it attributes to a slight miss to license revenue, but said the broader trends in the Cloud businesses remain "strong" and the "cloud narrative is on track." While Evercore said shares may pull back slightly on the license miss, it believes "the bull thesis is intact" and expects investors will look to buy into weakness.