Wedbush Reiterates Outperform Rating on Oracle Amid Selloff
Wedbush Securities analyst Daniel Ives reiterated an 'Outperform' rating for Oracle (ORCL) with a $225 price target, calling the recent selloff overblown. The firm highlighted strong demand at OpenAI and Oracle's robust backlog of $553 billion, including a major cloud contract worth up to $30B in revenue.
Tickers: $ORCL
Topics: Capital Raise Cloud Contract OpenAI Oracle Outperform Rating Wedbush