Oracle Stock (ORCL): $120 Price Target From Deutsche Bank

By Amit Chowdhry ● Dec 11, 2021
  • The shares of Oracle Corporation (NYSE: ORCL) have received a price target of $120 from Deutsche Bank. These are the details.

The shares of Oracle Corporation (NYSE: ORCL) have received a price target of $120 from Deutsche Bank. And Deutsche Bank analyst Brad Zelnick upgraded Oracle to a “Buy” rating from a “Hold” rating while increasing the price target from $110.

Zelnick views the company’s fiscal second-quarter results as confirmatory. And Zelnick noted that multiple indicators point to further acceleration ahead.

Going forward, Zelnick believes that Oracle’s aggressive capital allocation is a reliable forward indicator. And Zelnick said that the company is finally seeing an ongoing positive mix shift drive an inflection in financials.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.