ORACLE : Jefferies raises price target
'Although management has reaffirmed its targets for fiscal 2026, this implies a CAGR of 10.5% between 2024 and 2026 (versus a target of around 7% for 2024) to reach $65 billion', notes the broker.
We are constructive on the net new business signed over the past quarter, and believe that Oracle can still be one of the many beneficiaries in a multi-cloud world', adds Jefferies, which also considers the valuation attractive.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction