Oracle Likely To Report Higher Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Oracle Corporation ORCL is expected to report its fourth quarter fiscal year 2023 results after the closing bell on June 12, 2023.

Analysts expect the company to post quarterly earnings at $1.58 per share, up from year-ago earnings of $1.54 per share. The company’s revenue might come in at $13.73 billion.

Oracle shares rose 2.1% to close at $107.48 on Thursday.

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.

• Piper Sandler analyst Brent Bracelin maintained an Overweight rating and increased the price target from $104 to $130 on June 9, 2023. This analyst sees around 21% upside in the company’s stock and has an accuracy rate of 74%.
• Deutsche Bank analyst Brad Zelnick reiterated a Buy rating with a price target of $120 on June 8, 2023. This analyst sees around 12% upside in the company’s stock and has an accuracy rate of 71%.
• UBS analyst Karl Keirstead maintained a Neutral rating and increased the price target from $90 to $110 on June 7, 2023. This analyst sees around 2% upside in the company’s stock and has an accuracy rate of 74%.
• Jefferies analyst Brent Thill maintained a Buy rating and increased the price target from $105 to $125 on June 5, 2023. This analyst sees around 16% upside in the company’s stock and has an accuracy rate of 74%.
• JP Morgan analyst Mark Murphy maintained an Overweight rating and boosted the price target from $87 to $93 on March 10, 2023. This analyst sees around 13% downside in the company’s stock and has an accuracy rate of 77%.

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