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Oracle price target raised to $150 from $140 at DA Davidson
The Fly

Oracle price target raised to $150 from $140 at DA Davidson

DA Davidson raised the firm’s price target on Oracle (ORCL) to $150 from $140 and keeps a Neutral rating on the shares. The company reported a “mixed” quarter that was underscored by an acceleration of total revenue but a miss vs. consensus estimates on the top and bottom-line, the analyst tells investors in a research note. Oracle Cloud Infrastructure revenue remains “heightened” as demand for AI compute grows on the platform, with the company expecting capital expenditures to double from last fiscal year, though they remain cautious to pace their investments appropriately with demand, DA Davidson added.

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