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Analysts upgrade Oracle Corporation (NYSE: ORCL) to ‘Buy’ post Q4FY23 announcement
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Oracle Corporation, a database technology and software provider, received rating upgrade from analysts following the release of its financial results for Q4 FY23. Piper Sandler Companies and Keybanc Capital upgraded their ratings on Oracle Corporation to ‘Buy’ soon after the company released its earnings update.
As per data available on Refinitiv, around 32 analysts have covered the stock. Among these, a majority of 20 analysts recommend holding the stock, while seven analysts recommend buying it. Five other analysts have given the stock a ‘Strong Buy’ rating.
The mean recommendation rating on the stock is 2.5 on a scale of one to five. Here, one represents a ‘Strong Buy’ rating and five indicates a ‘Strong Sell’ rating. The consensus mean price target on the stock is US$ 122.37, which is 0.22% higher than Wednesday’s closing price.
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