Barclays upgraded Oracle stock to Overweight from Equal Weight, and raised its price target to $150 from $126. The software giant offers a 'multiyear...
Oracle stock is getting a boost Tuesday from Barclays analyst Raimo Lenschow, who raised his rating to Overweight from Equal Weight, and lifted his target price to $150 from $126.Lenschow asserts in a research note that Oracle stock offers a “multiyear opportunity for solid growth at high margins” driven by a positive mix shift to the company’s Oracle Cloud business, as well as growth in the cloud-based version of its enterprise application software.
Newsletter Sign-up UBS analyst Karl Keirstead made a similar point last week in upgrading his own rating on the stock to Buy from Neutral, with a $140 price target.
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