BMO Capital Markets sees upside of 18% ahead for the cloud computing giant.
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The investment firm initiated coverage of the tech giant with an outperform rating.
Analyst Mark Moerdler reiterated his outperform rating and raised his price target.
Oracle boosted its revenue backlog total by $30 billion during the February quarter.
Oracle's outlook was better than expected, leading many analysts to lift their price targets on the stock.
Analysts seem optimistic on Oracle, with several raising their price targets heading into its earnings report.
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