Jefferies upgrades Oracle Corp to ‘Buy’ and raises price target
The analysis house Jefferies has recently maintained the rating for Oracle Corp at “Buy” and increased the price target from $200 to $220. This decision was made following the release of Oracle’s quarterly results. This positive assessment could be particularly interesting for investors, as Oracle is among the leading software companies worldwide and thus holds broad relevance for the tech market.
Background of the evaluation
- Price target increase: Jefferies has raised the price target for Oracle from $200 to $220, indicating an optimistic assessment of future business development.
- “Buy” rating: The “Buy” rating remains, meaning Jefferies still expects a positive price development of Oracle’s stock.
- Quarterly results: The decision was made after the publication of the quarterly results, which were evidently assessed positively.
Relevance for investors
Oracle is a leading company in the software and cloud services sector. The positive evaluation by Jefferies could encourage investors to invest in Oracle, as the company has a strong position in the tech market. In particular, the increasing adoption of cloud offerings such as Oracle Cloud Infrastructure (OCI) and Database@Cloud could lead to further business expansion.
Comparison with other analysts
Other analyst houses such as Deutsche Bank Research have also issued a positive assessment of Oracle. Deutsche Bank rated Oracle as “Buy” with a price target of $200 before the quarterly results, emphasizing the company’s positive business dynamics.
Conclusion
The positive assessment of Oracle by Jefferies and other analyst houses could help investors make informed decisions regarding investments in the company. The price target increase and the “Buy” rating indicate an optimistic outlook for Oracle’s future, supported by the company’s strong position in the software and cloud market.