The Zhitong Finance App learned that Goldman Sachs recently held investor meetings for Oracle (ORCL.US) in Los Angeles and San Francisco. Oracle CEO Clay Magourky, Chief Financial Officer Hillary Maxson, and Bill Choi, Senior Vice President of Investor Relations, attended. Goldman Sachs maintained Oracle's “buy” rating in a research report released after the conference. The target price for 12 months was 206 US dollars, implying an upward space of about 77.4%. Goldman Sachs believes that Oracle has shown “strong operational agility” in data center construction and has good visibility on both supply and demand sides, and that market concerns about its capital expenditure and financing gaps may be overmagnified. The company completed 20 billion US dollar bond financing last week, and made it clear that no further financing is required during this capital expenditure cycle.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.