Analysts celebrated Oracle Corp.’s Q2 beat, dividend, and $10 billion share buyback approval by raising their price targets on the stock. Piper Sandler analyst Brent Bracelin raised the price target to $100 from $80 (12.7 percent upside) and kept a Neutral. The company’s Q2 revenue growth improved to 6 percent ex-currency from 2 percent last quarter, exceeding Street estimates by $156 million and reaching the highest constant currency growth in four years, Bracelin tells. Despite improving cloud tailwinds, the post-earnings rally to the mid-$90s “fairly prices in improving momentum” at Oracle, says the analyst. Citi analyst Tyler Radke raised the price target to $100 from $89 and kept a Neutral. The company last night “delivered a clean beat/raise,” with a modest reacceleration in both cloud and total revenue, Radke tells. The analyst says accelerated revenue growth is now in the numbers, tougher comps are ahead, and Oracle’s valuation is at …
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