Oracle Corp (NYSE:ORCL) shares are trading higher Monday after Wolfe Research upgraded the stock ahead of the company's quarterly results. Multiple analysts also raised price targets at the end of last week.
What Happened: Wolfe Research analyst Alex Zukin upgraded Oracle from a Peer Perform rating to an Outperform rating and announced a $130 price target ahead of the company's fiscal fourth-quarter results.
Oracle is set to report financial results after the bell. The company is expected to report earnings of $1.58 per share on quarterly revenue of $13.73 billion, according to estimates from Benzinga Pro.
