Reported 10 months ago
TheStreetAnalyst updates Oracle's stock price target post-earnings. Chairman Larry Ellison emphasized the importance of AI in cybersecurity during the company's Q4 earnings call, highlighting Oracle's significant AI contracts. The company exceeded fourth-quarter earnings expectations, with strong cloud revenue and unprecedented sales contracts. Analysts like BMO Capital, Deutsche Bank, and Argus have raised Oracle's stock price targets, citing solid Cloud Infrastructure bookings and optimistic revenue growth expectations for FY25.
Source: YAHOO