Oracle
shares are getting a lift from Piper Sandler analyst Brent Bracelin, who raised his rating on the enterprise software company to Overweight from Neutral, with a higher target for the stock price.
As Barron’s laid out in a cover story in February 2021, Oracle (ticker: ORCL) has been going through a transformation, gradually shifting its database and enterprise application software business to a cloud model, while also carving out a presence in the public cloud sector in competition with Amazon Web Services and Microsoft Azure. And the plan seems to be working.