Oracle Corp. (NYSE: ORCL) published blended second-quarter monetary outcomes for financial 2026 after the marketplace closed on Wednesday.
Oracle reported second-quarter income of $16.06 billion, missing out on expert quotes of $16.21 billion. The software application giant stated adjusted revenues grew 54% year-over-year to $2.26 per share, beating expert quotes of $1.64 per share, according to Benzinga Pro.
” We are dedicated to Cloud Neutrality since our company believe that our consumers ought to have the ability to run their Oracle databases in any cloud they select. That technique is absolutely settling. Our Multicloud database service is our fastest-growing service– up 817% in Q2,” stated Mike Sicilia, CEO of Oracle.
Oracle shares fell 0.1% to close at $223.01 on Thursday.
These experts made modifications to their cost targets on Oracle following revenues statement.
- Piper Sandler expert Hannah Rudoff preserved Oracle with an Obese ranking and reduced the cost target from $380 to $290.
- B of A Securities expert Brad Sills preserved the stock with a Buy and reduced the cost target from $368 to $300.
- BMO Capital expert Keith Bachman preserved Oracle with an Outperform ranking and reduced the cost target from $355 to $270.
- Bernstein expert Mark L. Moerdler preserved the stock with an Outperform ranking and reduced the cost target from $364 to $339.
Thinking about purchasing ORCL stock? Here’s what experts believe:
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