Oracle (ORCL) Stock: $85 Target And Hold Rating

By Amit Chowdhry ● Sep 23, 2022
  • The shares of Oracle (ORCL) recently received an $85 price target from Jefferies. These are the details.

The shares of Oracle (ORCL) recently received an $85 price target from Jefferies. 

Price target: Increased from $80 to $85

Rating: Hold

Analyst: Jefferies analyst Brent Thill

Thill noted that Oracle had reported solid fiscal Q1 results with organic sales constant currency growth of 8% and accelerating organic cloud growth. And Thill also pointed out that while currency headwinds increased to six percentage points, management commentary indicated no macro impacts to the business. Going forward, Thill believes Oracle’s valuation is fair at current share levels.