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 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 166b, disclosing that its ...