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Stock impact report

Oracle (ORCL) Gets Price Target Cut From UBS After Mixed Earnings [Yahoo! Finance]

Oracle Corporation (ORCL) 
Last oracle corporation earnings: 3/12 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
target on the stock to $325.00 (from $380.00) while maintaining a “Buy” rating. The firm remains constructive on the stock despite mixed earnings results driven by Oracle's $523B backlog conversion. According to the firm, Oracle's earnings released on December 11 fell slightly short of investor estimates. However, it remains optimistic regarding the company's massive deal backlog deal, anticipating it to drive strong revenue growth. “Oracle posted 2Q/Nov results (13% c/c revs growth, 66% cloud infra growth) that fell slightly short of investor estimates, as did the messaging around leverage/financing, but in our view the conversion of the massive $523b deal backlog to high revs growth in 2H/FY27 is compelling enough that we're sticking with our Buy rating.” Unlike three months ago, the stock is no longer reacting to incremental backlog growth. This is despite a significant $68 billion increase in remaining performance obligations during the quarter, driven by deals with Meta and Show less Read more
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