Oracle (ORCL) Stock: $72 Target And Hold Rating

By Amit Chowdhry ● Sep 24, 2022
  • The shares of Oracle (ORCL) recently received a $72 price target from Berenberg. These are the details.

The shares of Oracle (ORCL) recently received a $72 price target from Berenberg. 

Price target: $72

Rating: Hold

Analyst: Berenberg analyst Nay Soe Naing

Naing had initiated coverage of Oracle while noting that for investors looking to buy into the cloud adoption trend, of the two software giants, SAP presents itself more favorably. And Naing pointed out that Oracle’s mid-term opportunities and risks are balanced and does not anticipate a major re-rating in the shares from its current level over the medium term.