Oracle's Investor Day Bolstered Confidence in Company's Ability to Grow Revenue, Earnings, Oppenheimer Says

MT Newswires Live

10/17

Oracle's (ORCL) investor day bolstered confidence in the company's ability to be one of the fastest revenue and earnings growers in large cap technology stocks, Oppenheimer said in a Friday note.

The investor meeting provided for positive revisions to remaining performance obligations, Oracle Cloud Infrastructure, and the medium-term financials outlook, among other things, Oppenheimer said.

Oppenheimer said that the company's management introduced long-term earnings per share targets and gross margin goals for the Oracle Cloud Infrastructure and artificial intelligence consumption businesses.

Oppenheimer rated Oracle as perform.

Price: 293.57, Change: -19.43, Percent Change: -6.21

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