Oracle beats quarterly revenue estimates on cloud services demand
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
CFRA Upgrades Oracle (ORCL) to Hold, 'We like momentum from cloud applications'
June 13, 2023 11:56 AM UTCCFRA analyst Angelo Zino upgraded Oracle (NYSE: ORCL) from Sell to Hold with a price target of $130.00 (from $71.00).
The analyst comments "We boost our 12-month target to $130 from $71, shifting to P/E of 22x our CY 24 EPS estimate of $5.93, above... More
