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Oracle stock gets upgraded as company beats on earnings. Here’s what the pros have to say

Chaim Potok by Chaim Potok
June 13, 2023
in Investing
Oracle stock gets upgraded as company beats on earnings. Here’s what the pros have to say
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Market Movers rounded up the best reactions from investors and analysts on Oracle . The experts, including Jim Cramer , discussed the tech name after the stock hit a new all-time high during Tuesday’s session. Oracle posted earnings beats in its fiscal fourth-quarter financial results Monday. The company’s top source of revenue came from cloud services and license support, which rose 23% to $9.37 billion. At one point, shares gained more than 2%, but later curtailed gains to close 0.2% higher. Additionally, Goldman Sachs upgraded Oracle to neutral from sell saying the company is “amongst the longest standing software companies in the market.”

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