FMP
Jun 17, 2024 3:26 PM - Davit Kirakosyan
Image credit: FMP
BMO Capital analysts maintained their Market Perform rating on Oracle (NYSE:ORCL) stock and increased their price target to $160 from $142. The analysts highlighted Oracle’s strong OCI bookings for two consecutive quarters and a promising 2025 revenue outlook, which stand out positively against generally lackluster results in the software and IT services sectors.
The analysts noted that Oracle, along with Microsoft, has achieved a favorable position by combining cloud infrastructure with enterprise software. Despite this, even when averaging price-to-earnings and free cash flow multiples, as opposed to previously focusing solely on FCF, the analysis supports a price target of $160.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...