"Oracle (ORCL +1.8%) has a significant advantage because it has a broader set of applications than its competitors," asserts Pac Crest's Brendan Barnicle after taking in the software giant's Tuesday Cloud Forum.
Barnicle also liked Oracle's efforts to trumpet cloud customer wins, and thinks the company is adding new mid-market clients. His PT has been hiked to $45 from $40 on a belief Oracle can trade at 14x his FY15 (ends in May) EPS estimate of $3.28 (above a $3.19 consensus).
Stifel has also upped its PT (from $45 from $43). While many faster-growing (and more richly-valued) cloud software rivals have been routed in March and April, Oracle is close to its 52-week high of $42 after underperforming the Nasdaq last year due to competitive/top-line worries.