Wall Street Analysts Just Trimmed Price Targets for These 5 Stocks

01. Oracle Corporation (NYSE:ORCL)

Price Reaction after the Price Target Cut: -1.60 (-1.54%)

On January 2, Piper Sandler revised its price target for Oracle Corporation (NYSE:ORCL), a major player in the technology industry. The adjustment lowered the target from $125.00 to $122.00 while maintaining an Overweight rating on the shares. This strategic decision by Piper Sandler is part of their continuous evaluation of market dynamics within the technology sector. Despite the reduction, the sustained Overweight rating underscores Piper Sandler’s positive outlook on Oracle Corporation (NYSE:ORCL) potential performance in the market. The recorded price change of -1.54% indicates the market’s response following Piper Sandler’s adjustment.

Aristotle Atlantic Core Equity Strategy made the following comment about Oracle Corporation (NYSE:ORCL) in its third quarter 2023 investor letter:

“Oracle Corporation (NYSE:ORCL) provides products and services that address enterprise information technology (IT) environments. The company’s products and services include enterprise applications and infrastructure offerings that are delivered worldwide through a variety of flexible and interoperable IT deployment models. The company operates in three segments: cloud and license business, hardware, and services.

We believe Oracle’s cloud infrastructure product, OCI 2.0, continues to demonstrate strong revenue growth over several quarters. Additionally, we see the rapid growth of artificial intelligence (AI) computing needs as being a differentiated growth driver for Oracle. We believe that Oracle will continue to drive positive outcomes for the Cerner business through a better margin structure, as well as topline sales synergies.”

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