Why Oracle Stock Topped the Market Today

Oracle's (NYSE: ORCL) shares ended the week with a price bump, as the storied database company rose by nearly 3% on Friday. This was on the news that several analysts raised their price targets on the stock in advance of its second quarter of fiscal 2025 earnings release scheduled for next Monday. That price bump was more than sufficient to beat the S&P 500 (SNPINDEX: ^GSPC), which traded down marginally on the day. That morning, two analysts tracking Oracle stock weighed in with pre-earnings takes on the company, and both increased their price targets. Barclays' Raimo Lenschow now believes the storied tech stock's fair value is $212 per share, where previously he tagged it as being worth $202. Meanwhile, TD Cowen's Derrick Wood has upped his level to $210 per share (formerly $190). Both pundits continue to rate Oracle a buy. In Wood's latest evaluation, according to reports, the analyst acknowledged that Oracle is a pricey investment these days -- after all, it has risen roughly 80% in value so far this year. However, demand for its products and services continues to be robust, and the company stands in front of encouraging growth opportunities.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool