Wall Street Just Upgraded Oracle, Despite Earnings Disappointment

• Today, markets are successful the reddish aft Oracle posted gross of $16.06 billion, which is little than the $16.21 cardinal analysts were expecting.

• UBS analysts conscionable reiterated a bargain standing connected Micron with a terms people of $295 up of net adjacent week.

• And down, but not out, shares of Netflix are being viewed positively by analysts astatine Needham.

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Just yesterday, markets celebrated the latest quarter-point chopped from the Federal Reserve, which lowered rates to a scope of 3.5% to 3.75%.

The cardinal slope besides announced that it would again acquisition short-term bonds, thereby driving down short-term yields. It besides removed connection that the labour marketplace “remained low.” That could mean the cardinal slope whitethorn beryllium much apt to easiness to enactment the jobs marketplace and not attraction arsenic overmuch astir sticky inflation. At the aforesaid time, we whitethorn lone spot 1 chopped adjacent year.

Markets exploded connected the news.

Today, markets are successful the reddish aft Oracle (NYSE: ORCL) posted gross of $16.06 billion, which is little than the $16.21 cardinal analysts were expecting. Software gross was. $5.88 billion, which missed estimates for $6.06 billion.

However, contempt the news, analysts are inactive bullish.

Wells Fargo, for example, has an overweight standing with a $280 terms target. Bank of America has a bargain standing and a terms people of $300. Barclays has an overweight standing with a terms people of $310 a share. UBS has a bargain standing with a $325 terms target.

UBS analysts conscionable reiterated a bargain standing connected Micron (NASDAQ: MU) with a terms people of $295 up of net adjacent week. As quoted by CNBC, “Against this backdrop of tightening supply, we locomotion EPS estimates higher yet again and spot EPS of ~$38 retired successful C2027E, justifying a PT of $295 (up from $275), and we stay Buy rated.”

Just yesterday, analysts astatine HSBC initiated sum of MU with a bargain standing and a $330 terms target. Analysts astatine BNP Paribas besides accidental Micron is apt to payment from a “historic upcycle” aided by artificial intelligence.

And down, but not out, shares of Netflix (NASDAQ: NFLX) are being viewed positively by analysts astatine Needham. The steadfast has a bargain standing connected NFLX and doesn’t judge it needs Warner Bros. Discovery. According to the firm, “NFLX buying WBD would enactment $83B of further worth astatine hazard of being disrupted by GenAI. Without WBD, NFLX is much global, much nimble, much tech-first, and has much flexibility with the Hollywood unions (called Guilds),” arsenic quoted by CNBC.