Oracle Soars as Analysts Signal Strong Growth Ahead
Oracle (ORCL), a leading technology company, has received a new Buy recommendation from Bank of America Securities analyst Tal Liani. The analyst set a price target of $240.00 for the stock.
Liani is a 5-star analyst with an average return of 9.5% and a success rate of 56.84%, according to TipRanks. He covers the Technology sector, focusing on stocks such as Cisco Systems, Fortinet, and Check Point.
Additionally, Guggenheim's John Difucci also maintained a Buy rating on Oracle in a report issued on July 22. However, CLSA initiated coverage with a Hold rating on Oracle (NYSE: ORCL) just two days prior, on July 20.
In the latest earnings release for the quarter ending May 31, Oracle reported revenue of $19.18 billion and net profit of $4.3 billion, surpassing last year's figures of $15.9 billion in revenue and $3.43 billion in net profit.