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Oracle’s Q3 Falls Short, But AI Demand Keep Long-Term Outlook Strong Say Analysts – Oracle (NYSE:ORCL)

Oracle’s Q3 Falls Short, But AI Demand Keep Long-Term Outlook Strong Say Analysts – Oracle (NYSE:ORCL)

Oracle Corp ORCL shares are down on Tuesday, after the company reported downbeat fiscal third-quarter results.

The results came in amid an exciting earnings season. Here are some key analyst takeaways.

Analyst Thomas Blakey maintained an Overweight rating while reducing the price target from $214 to $175.

Oracle reported its fiscal third-quarter revenues slightly short of expectations, while adjusted earnings were in-line and free cash slowed significantly below estimates,…

Article Source
https://www.benzinga.com/news/earnings/earnings-misses/25/03/44255998/oracles-q3-falls-short-but-ai-demand-keep-long-term-outlook-strong-say-analysts

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