Barclays analyst Raimo Lenschow lowered the firm’s price target on Oracle (ORCL) to $202 from $212 and keeps an Overweight rating on the shares. The firm expects “increased investor debate” following Oracle’s “mixed quarter.” The company’s Q3 optics suffered as a typically small quarter from a seasonal perspective saw an additional headwind from component delays, the analyst tells investors in a research note. However, Barclays believes this is balanced by a significant remaining performance obligation acceleration and raised growth expectations for fiscal 2026 and 2027.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
Questions or Comments about the article? Write to editor@tipranks.com