Oracle (ORCL) Price Target Lifted to $380 at UBS; Firm Calls Stock ‘Too Cheap’
Oracle Corporation (NYSE:ORCL) is one of the AI Stocks in the Spotlight This Week. On October 17, UBS reiterated the stock as “Buy” and raised its price target to $380 per share from $360. The firm believes that the stock is “too cheap.”
“Just 5 weeks after providing FY30 revs guide and backlog metrics that were far above Street estimates, Oracle raised them again at its Investor Day, taking its FY30 cloud infra/OCI [Oracle Cloud Infrastructure] revs guide up by another $22b to $166b, disclosing that its deal backlog went to $500b+ and setting FY30 guide that was well above our estimates”
Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.
While we acknowledge the potential of…
