Oracle's AI-Driven Partnerships Post Q1 Earnings Beat: Details

Oracle Corporation (NYSE:ORCL) shares are trading higher following better-than-expected first-quarter financial results.

Oracle reported first-quarter earnings of $1.39 per share, which beat the consensus of $1.32 and revenue of $13.307 billion, exceeding the consensus estimate of $13.231 billion.

Several analysts raised their price targets on the stock. Maintaining a Neutral rating, B of A Securities boosted the price target to $175 from $155. Also, Morgan Stanley raised the price target to $145 from $125 and reiterated an Equal-Weight rating. Also, JPM Securities upgraded the company to Market Outperform from Market Perform.

Also Read: Oracle Analysts Focus On AI-Driven Bookings Strength, Expect Revenue Acceleration To Continue

Today, the company announced several ...