Oracle Co. experienced a 1.7% increase in its stock price after Argus raised its price target from $145.00 to $159.00, while maintaining a Buy rating on the stock. The company traded at $144.10 and closed at $143.65 with 2,728,415 shares changing hands during midday trading. Other brokerage firms have also adjusted their ratings and price targets for Oracle, with a mix of buy and hold recommendations. Director George H. Conrades recently sold shares of the company valued at millions of dollars, leading to significant insider transactions. Institutional investors have also made changes to their positions in Oracle, with notable increases in share holdings. Oracle’s stock performance has been strong, with a market capitalization of $397.54 billion and a consistent revenue growth rate. The company recently declared a dividend, showcasing stability and investor returns. Oracle Corporation’s offerings include various cloud software applications for enterprise information technology environments, catering to a range of business needs. The company’s financial outlook is positive, with analysts expecting strong earnings per share for the current fiscal year. Overall, Oracle remains a solid investment option in the technology sector, offering a blend of growth potential and stability to investors.
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https://www.defenseworld.net/2024/06/19/oracle-nyseorcl-trading-up-1-7-after-analyst-upgrade.html
ORCL Stock Rises 1.7% Following Analyst Upgrade
