Oracle price target raised to $48 from $45 at Deutsche Bank Deutsche Bank raised its price target for Oracle shares to $48 citing positive early feedback around the company's new 12c database software product. Deutsche points out one beta customer said its spending with Oracle could increase by 5%-10% if both 12c options deliver on their promise. The firm keeps a Buy rating on Oracle shares.
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Oracle to benefit over longer term from shift to cloud, says Pacific Crest Pacific Crest believes that the shift to Oracle's cloud products may result in a drop in the company's maintenance revenue initially. The firm thinks the company will ultimately collect more revenue from its customers, although the margins may decline. Pacific Crest thinks that Oracle is "making solid progress" in the cloud and Big Data. It views the stock's valuation as compelling and keeps an Outperform rating on the shares.