Oracle Stock Spikes as Analyst Turns Bullish, Predicts Market-Share Gains in Cloud

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Oracle

shares are gaining ground ahead of the company’s earnings report, due after the close, after Wolfe Research analyst Alex Zukin raised his rating on the stock to Outperform from Peer Perform, setting a price target of $130. The crux of the call is that Zukin thinks the Oracle Cloud business is nibbling away market share from cloud-computing giants.

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