Oracle Corporation (NYSE:ORCL) is included among the Billionaire Ken Fisher’s Top 11 Dividend Stock Picks.
On June 4, Citi raised its price recommendation on Oracle Corporation (NYSE:ORCL) to $330 from $320. It reiterated a Buy rating on the stock. The firm expects Oracle’s cloud business to remain a key driver of performance in fiscal Q4. Citi anticipates results that are generally in line with expectations, though it sees infrastructure-as-a-service growth continuing to accelerate. The higher price target reflects the stock’s recent multiple expansion.
A few days later, on June 8, Evercore ISI analyst Kirk Materne increased his price goal on Oracle to $245 from $220. He maintained an Outperform rating on the shares. In a preview of the company’s upcoming fiscal fourth-quarter results, Materne said the report is expected to highlight Oracle’s strategic positioning and long-term growth opportunities, despite ongoing discussions around capital spending. He noted that investors will be closely focused on the trajectory of Oracle’s cloud offerings and the company’s place in an increasingly competitive and evolving technology landscape.
Oracle Corporation (NYSE:ORCL) provides integrated application suites along with secure, autonomous infrastructure through Oracle Cloud. The company operates across three business segments: cloud and license, hardware, and services.
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