KeyBanc analyst Jackson Ader initiated coverage of Oracle with an Overweight rating and $150 price target. Oracle is in the “unenviable situation where its entire quarter is defined by a single number,” namely Oracle Cloud Infrastructure growth in constant currency, the analyst contends. However, the firm believes that Oracle “can build a legitimate fourth” U.S.-based public cloud of scale and expects standalone OCI growth to remain above 50% this year and into next, the analyst tells investors.
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