16
Mon, Jun

Oracle price target raised to $186 from $160 at Citi

Oracle price target raised to $186 from $160 at Citi

Financial News
Oracle price target raised to $186 from $160 at Citi

Citi raised the firm’s price target on Oracle (ORCL) to $186 from $160 and keeps a Neutral rating on the shares. Heading into Oracle’s fiscal Q4 print, the firm has increased confidence in company fundamentals but sees risk to near-term earnings estimates. Citi’s quarterly reseller survey showed improvement in quota achievement, offset by weaker growth, the analyst tells investors in a research note. The firm would look to get more constructive on the shares on greater conviction around the pace of profitability improvement in cloud and a database modernization story.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on ORCL:

Disclaimer & DisclosureReport an Issue

Content Original Link:

Original Source At Yahoo Finance

" target="_blank">

Original Source At Yahoo Finance

SILVER ADVERTISERS

BRONZE ADVERTISERS

Infomarine banners

Advertise in Maritime Directory

Publishers

Publishers