Oracle Corporation (NYSE: ORCL) is a key player in AI stocks. UBS analyst lowered price target to $325.00, maintaining a “Buy” rating due to mixed earnings results with a $523B backlog conversion.
Earnings fell slightly short but firm optimistic about backlog driving revenue growth.
Stock no longer reacts to backlog growth despite $68 billion increase. Investors want higher backlog and capex to translate into revenue.
Oracle Corporation (NYSE: ORCL) is a database management and cloud service provider.
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Read more at Yahoo Finance: Oracle (ORCL) Gets Price Target Cut From UBS After Mixed Earnings