Boosted by strong earnings from Nvidia, Oracle(ORCL) stock price rose 1.20%, ending nearly a 25% decline since the beginning of the year. Oppenheimer analyst Brian Schwartz(Brian Schwartz) upgraded the stock rating to "Buy" and set a 12-month target price of $185, implying a potential return of 25%. He believes Oracle's cloud infrastructure is a key driver of its stock price increase, but also warns that if earnings are disappointing, the stock could fall by 25%.
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Boosted by strong earnings from Nvidia, Oracle(ORCL) stock price rose 1.20%, ending nearly a 25% decline since the beginning of the year. Oppenheimer analyst Brian Schwartz(Brian Schwartz) upgraded the stock rating to "Buy" and set a 12-month target price of $185, implying a potential return of 25%. He believes Oracle's cloud infrastructure is a key driver of its stock price increase, but also warns that if earnings are disappointing, the stock could fall by 25%.