Barclays raises Oracle target to $250, cuts Adobe target to $250

The June 12 brokerage call lifted Oracle’s price target from $240 while lowering Adobe’s from $275, leaving both stocks with the same revised objective.

Summary

Barclays revised its views on two major U.S. software companies on June 12, raising its target price for Oracle to $250 from $240 and cutting its target for Adobe to $250 from $275. The move leaves both Oracle and Adobe with identical updated price objectives, reflecting a divergent stance on the two stocks despite their shared enterprise software focus.

Terms & Concepts
  • target price: An analyst’s projected future stock price.