BUZZ-BofA resumes Oracle coverage with 'buy' rating, shares slip
Reuters21:52
BUZZ-BofA resumes Oracle coverage with 'buy' rating, shares slip
** AI cloud firm Oracle's ORCL.N shares fall ~3% to $149.60
** BofA Global Research reinstates coverage with "buy" rating
** Sets PT at $200, implying an upside of 29.6% to stock's last close
** "Oracle has large revenue potential ahead, supported by $553bn in RPO tied to long-duration AI training and cloud infrastructure commitments" - Brokerage
** BofA expects free cash flow margins to remain negative through FY29 as capital expenditures increase
** Avg. rating of 43 analysts is "buy;" their median PT is $240 - data compiled by LSEG
** Including session moves, stock has fallen 23.2% this year
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
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