Bernstein raised the firm’s price target on Oracle to $202 from $201 and keeps an Outperform rating on the shares. The firm notes that while Oracle has been controversial for many years, investor confidence has increased that Oracle is now on the right side of the Cloud. At the recent Financial Analyst Meeting management laid out impressive FY29 targets. The reaction was less than one would expect for given they guided to 5 years of accelerating revenue growth in a market where many growth companies are slowing, Bernstein acknowledges.
