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Tuesday, March 23, 2021 4:47:12 PM
By: Barron's | March 22, 2021
Oracle is in the middle of transitioning its business to the cloud, as Barron’s outlined in a recent cover story. For skeptics on the stock, the question is how long that process will take.
Evercore ISI analyst Kirk Materne addressed that question on Monday, as he resumed coverage of Oracle (ticker: ORCL) with an In Line rating and $66 price target. On Monday afternoon, Oracle stock was flat at $66.27, while the S&P 500 was up 0.9%.
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