Reported about 10 hours ago
DA Davidson has raised its price target for Oracle (ORCL) from $220 to $300 while maintaining a Neutral rating on the shares, citing consistent demand for AI compute on Oracle Cloud Infrastructure. The company's Q1 earnings were reported as largely in line with expectations, and Remaining Performance Obligations (RPO) surged to $455B, expected to exceed $500B soon due to new multi-billion-dollar customers.
Source: YAHOO