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Oracle upgraded to Buy at Wolfe Research ahead of earnings - $ORCL

2023-06-12 4 Dailymotion

Oracle Corp (NYSE:ORCL) shares are trading higher Monday after Wolfe Research upgraded the stock ahead of the company's quarterly results. Multiple analysts also raised price targets at the end of last week.<br /><br />What Happened: Wolfe Research analyst Alex Zukin upgraded Oracle from a Peer Perform rating to an Outperform rating and announced a $130 price target ahead of the company's fiscal fourth-quarter results.<br /><br />Oracle is set to report financial results after the bell. The company is expected to report earnings of $1.58 per share on quarterly revenue of $13.73 billion, according to estimates from Benzinga Pro.

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