(News Bulletin 247) – UBS raised its recommendation on Oracle on Tuesday, which it is raising from ‘neutral’ to ‘buy’ with a price target revised upwards from 120 to 140 dollars.
Although the enterprise software designer’s stock has already climbed 42% since the start of the year, the analyst believes that the capacity shortage currently affecting GPU virtual machines should largely support the group’s stock market price. Californian.
The intermediary indeed expects Oracle to benefit from the current constraints on the supply of GPU servers from Microsoft and other major ‘cloud’ infrastructure providers.
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