Bernstein Boosts Oracle Rating Amid Strong Earnings and Partnerships

  • Oracle’s cloud business is expected to boom according to analyst Mark Moerdler
  • Bernstein reiterated Outperform rating and raised price target for Oracle stock to $202
  • Oracle shares jumped after strong earnings results and new database partnership with Amazon Web Services
  • Oracle Cloud Infrastructure grew by 45% in the latest reported quarter
  • Oracle’s stock up 59% this year compared to Nasdaq Composite’s 21% gain

Analyst Mark Moerdler from Bernstein remains optimistic about Oracle’s cloud division, reiterating his Outperform rating and raising the price target for the stock to $202. This comes after strong earnings results and a new database partnership with Amazon Web Services boosted shares. The company’s stock has seen a 59% increase this year, outperforming the Nasdaq Composite’s 21% gain. Oracle Cloud Infrastructure experienced a 45% growth to $2.2 billion in revenue due to rising demand for AI model training and workloads. Partnerships with Microsoft, Amazon, and Google contribute to its success.

Factuality Level: 8
Factuality Justification: The article provides relevant information about Oracle’s cloud division performance and growth, includes a positive outlook from an analyst, and mentions the company’s partnership with major tech players like Amazon Web Services, Microsoft, and Google. It also highlights the stock performance compared to the Nasdaq Composite. The information is accurate and objective without any clear signs of sensationalism or personal bias.
Noise Level: 3
Noise Justification: The article provides relevant information about Oracle’s cloud division performance and analyst’s opinion on its growth potential. However, it lacks in-depth analysis of long-term trends or possibilities, accountability, scientific rigor, and actionable insights for the reader.
Public Companies: Oracle Corporation (ORCL), Amazon.com, Inc. (AMZN), Microsoft Corporation (MSFT), Alphabet Inc. (GOOGL)
Key People: Mark Moerdler (Analyst), Tae Kim (Writer)

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Financial Relevance: Yes
Financial Markets Impacted: Oracle stock and Nasdaq Composite
Financial Rating Justification: The article discusses Oracle’s cloud division performance, analyst’s rating change, and its impact on the company’s stock price. It also mentions the overall performance of the Nasdaq Composite index.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: No market move size mentioned.
Sector: Technology
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

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