Oracle Corporation (ORCL) : Analyst Rating Update

Oracle Corporation (ORCL) : 24 analysts are covering Oracle Corporation (ORCL) and their average rating on the stock is 2.08, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Oracle Corporation (ORCL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 11 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Oracle Corporation (ORCL) : The consensus price target for Oracle Corporation (ORCL) is $44.79 for the short term with a standard deviation of $5.34. The most optimist securities analyst among the 19 who monitor the stock believes that the stock can reach $52, however, the pessimist price target for the company is $31.

Oracle Corporation (NYSE:ORCL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.20 and $40.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.53, notching a gain of 0.32% for the day. The total traded volume was 12,124,296 . The stock had closed at $40.40 on the previous day.

Also, Brokerage firm JP Morgan upgrades its rating on Oracle Corporation (NYSE:ORCL). As per the latest information, the brokerage house raises the price target to $38 per share from a prior target of $37. The shares have been rated Neutral. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have rallied 1.58% from its 1 Year high price. On Mar 21, 2016, the shares registered one year high at $42.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $39.55 and the 200 Day Moving Average price is recorded at $38.44.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products, and services. The Companys offerings include Oracle database and middleware software, application software, cloud infrastructure, hardware systems including computer server, storage and networking products, and related services. It operates through various segments, including new software licenses and cloud software subscriptions, which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service, which provides deployment and management offerings; software license updates and product support, which includes support, enhancements and upgrades for Oracle software products; hardware systems products, which includes servers, storage, networking, virtualization software, operating systems and management software; hardware systems support, which provides software updates for software components, and services business, which offers consulting services

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *