Oracle Corporation ORCL posted weak first-quarter results. However, the company was upbeat on revenue growth expectations for the coming quarters.
Oracle shares rose 1.7% to $78.42 on Tuesday.
These analysts changed their price targets for Oracle after the results were released.
- Jefferies Price target for Oracle increased to $85 from $80. Jefferies analyst Brent Thill maintained a hold on the stock.
- JP Morgan raised Oracle’s target price to $84 from $82. JP Morgan analyst Mark Murphy kept the stock with an Overweight rating.
- BMO capital raised Oracle’s target price to $90 from $86. BMO Capital analyst Keith Bachman kept a market perform rating on the stock.
