The company posted Q1 revenue of $19.3 billion vs analysts' average estimate of $19.14 billion - LSEG data
Stock is rated "buy" on average; median PT is $245, per data compiled by LSEG
As of last close, the company is down about 21.45% YTD
Oracle shares rise after results beat estimates
Shares of cloud firm Oracle ORCL.N rise about 5.5% to $161.34 premarket
The company topped Wall Street estimates for quarterly results and reported a smaller-than-expected cash burn, reassuring investors that its AI investments were generating returns without straining the balance sheet
Barclays says, even beyond this, Oracle's investment story keeps evolving in the right direction, with revenue growth accelerating and cost controls supporting margins
The brokerage adds that cloud infrastructure revenue growth has accelerated, driven by ramped up AI capacity
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