Analysts at DA Davidson have adjusted their outlook on Oracle (ORCL, Financial) by reducing the stock’s price target from $150 to $140. The firm maintains a Neutral rating on Oracle shares in an updated research note concerning the software sector. This revision is influenced by the anticipation of one or two quarters of decreased economic activity in the U.S., which could impact growth figures and has already led to a decline in company valuations.
The assessment considers not only the…
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