Stifel Cuts Oracle (ORCL) Price Target After Earnings, Maintains Buy Rating
Oracle Corporation (NYSE:ORCL) is one of the AI Stocks Analysts Are Watching Closely. On December 11, Stifel analyst Brad Reback lowered the price target on the stock to 350.00) while maintaining a “Buy” rating. The price target cut follows Oracle’s Q2 earnings report. The AI bellwether reported lower quarterly revenue than expected despite booming demand for its artificial intelligence infrastructure. Oracle reported earnings per share of 1.64. Meanwhile, ...