J.P. Morgan is out with its report today on Oracle ORCL, raising its PT from $38 to $40.
In a note to clients, J.P. Morgan writes, "ORCL reported a very strong F3Q driven by software license revenue growth that marks a positive inflection in seasonal trends, along with strong margins that are already approaching pre-Sun levels. Guidance was also much better than expected."
J.P. Morgan maintains Overweight on ORCL.
At the time of posting, shares of ORCL were trading pre-market at $33.63, up 4.64% from Thursday's close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsInformation TechnologyJ.P. MorganOracleSystems Software
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