Oracle Upgraded at Barclays, Shares Gain 2%
<p>Barclays analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/ORCL'>Oracle (NYSE:ORCL)</a> from an Equal Weight rating to an Overweight rating. The new price target for the stock is set at $150 per share, a notable increase from the previous target of $126. Shares rose more than 2% intra-day today.</p>
<p>The analysts mentioned that there is a promising opportunity for sustained growth at favorable profit margins for several years. This is primarily driven by a continuous positive influence of improved Software as a Service (SaaS) and Oracle Cloud Infrastructure (OCI) offerings, which outweigh the slower-growing segments of the company's operations.</p>
<p>Analysts emphasized the view that this beneficial mix effect is anticipated to bolster growth for an extended period. They are confident that these levels of growth can be upheld in the years ahead, as the advantageous mix effect is still in its early stages.</p>
<p>Furthermore, the Barclays analysts also express optimism regarding the potential of Artificial Intelligence (AI) within Oracle's opportunities.</p>

NYSE:ORCL