Analyst Alex Zukin raised his rating on shares to outperform from peer perform.
His price target of $130 implies shares rallying 18.3% from where they closed on Friday. "Our entire call is based on increased confidence and conviction that [Oracle Cloud Infrastructure] will become the engine that accelerates top- and bottom-line growth for the company over the next three years," Zukin wrote in a Sunday note.
mountain ORCL year to date —CNBC's Michael Bloom contributed to this report.
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