These Analysts Boost Oracle's PT After Q1 Results

Oracle Corporation ORCL posted downbeat earnings for its first quarter. However, the company issued positive commentary on revenue growth expectations for the coming quarters.

Oracle shares rose 1.7% to $78.42 on Tuesday.

These analysts made changes to their price targets on Oracle following the release of results.

• Jefferies increased price target on Oracle from $80 to $85. Jefferies analyst Brent Thill maintained the stock with a Hold.
• JP Morgan raised Oracle price target from $82 to $84. JP Morgan analyst Mark Murphy maintained the stock with an Overweight rating.
• BMO Capital boosted Oracle price target from $86 to $90. BMO Capital analyst Keith Bachman maintained a Market Perform rating on the stock.