Oracle Likely To Post Higher Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Oracle Corporation ORCL is expected to report its first quarter fiscal year 2024 financial results, after the closing bell on Sept. 11, 2023.

Analysts expect the company to post quarterly earnings at $1.14 per share, up from year-ago earnings of $1.03 per share. The company’s revenue might come in at $12.46 billion, compared to $11.45 billion in the year-ago period.
Oracle shares gained 1% to close at $126.32 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Jefferies analyst Brent Thill maintained a Buy rating and boosted the price target from $135 to $145 on Sept. 7, 2023. This analyst has an accuracy rate of 74%.
• UBS analyst Karl Keirstead upgraded the stock from Neutral to Buy and raised the price target from $120 to $140 on Aug. 29, 2023. This analyst has an accuracy rate of 74%.
• Piper Sandler analyst Brent Bracelin reiterated an Overweight rating with a price target of $130 on July 27, 2023. This analyst has an accuracy rate of 74%.
• Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating and boosted the price target from $90 to $105 on June 14, 2023. This analyst has an accuracy rate of 76%.
• JP Morgan analyst Mark Murphy maintained an Overweight rating and increased the price target from $109 to $112 on June 13, 2023. This analyst has an accuracy rate of 77%.

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