Oracle surges as annual revenue growth outlook tops estimates amid solid AI demand

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Go back to Oracle surges as annual revenue growth outlook tops estimates amid solid AI demand

Microsoft (MSFT) PT Raised to $550 at Tigress Financial Partners

June 13, 2024 3:55 PM EDT

Tigress Financial Partners analyst Ivan Feinseth raised the price target on Microsoft (NASDAQ: MSFT) to $550.00 while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on MSFT and increase our 12-month target price to $550 as it is increasingly positioned to lead the AI revolution through the ongoing integration of generative AI functionality throughout its software stack and product portfolio. AI cloud integration and the ramp-up of AI-enabled product offerings fueled another quarter of near-record revenue and record operating results. MSFT recently reported Q3 2024 revenue increased 17% Y/Y to a near-record $61.9... More

JPMorgan Reiterates Overweight Rating on Amazon.com (AMZN), 'remains our best idea'

June 13, 2024 10:08 AM EDT

JPMorgan analyst Doug Anmuth reiterated an Overweight rating and $240.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "Following up on Retail vs. AMZN Episode 12; AMZN WMT - 2 Behemoths Collide (report, slides, video replay) published w/JPM Retail analyst Chris... More

Oracle (ORCL) PT Raised to $140 at Citi

June 12, 2024 7:07 AM EDT

Citi analyst Tyler Radke raised the price target on Oracle (NYSE: ORCL) to $140.00 (from $128.00) while maintaining a Neutral rating.

The analyst comments "A broad-based revenue miss was saved once again by strong bookings performance as ORCL notched several key AI training contracts... More

Oracle (ORCL) PT Raised to $160 at Barclays

June 12, 2024 6:27 AM EDT

Barclays analyst Raimo Lenschow raised the price target on Oracle (NYSE: ORCL) to $160.00 (from $147.00) while maintaining a Overweight rating.

The analyst comments "Strong RPO growth combined with raised capex guidance suggests ongoing momentum for ORCL. Not all of this is... More