Jefferies Analyst Sets $150 Price Target for Oracle Stock, Predicting 16% Growth
Wednesday, 20 March 2024, 08:41
Analyst's Target for Oracle Stock
Analyst Brent Thill at Jefferies has set a 16% potential upside target for Oracle stock, raising the price target to $150 per share. This reflects confidence in Oracle's performance driven by its cloud offerings and AI demand.
Strong Buy Recommendation Maintained
The analyst's buy recommendation for Oracle stock remains intact, backed by recent earnings results that surpassed expectations. Oracle's success is attributed to Oracle Cloud Infrastructure (OCI) and its positioning in the multi-cloud environment.
- Investors are advised to consider Oracle stock as a potentially lucrative investment option due to its growth prospects in cloud services and AI.
- Oracle's strategic focus on emerging tech areas like artificial intelligence has positioned the company for sustained growth and market relevance.
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