Oracle stock shoots up to a record after Barclays says buy, citing ‘good’ cloud products and IT spending recovery
March 05, 2021 at 14:35 PM EST
Shares of Oracle Corp. took off toward a record Friday, after Barclays analyst Raimo Lenschow recommended buying, about a week ahead of the business software company's earnings report, as he sees "undemanding" valuation despite signs of accelerating growth.