Oracle Price Target Raised to $47.00 at Stifel Nicolaus (ORCL)
Equities researchers at Stifel Nicolaus increased their target price on shares of Oracle (NASDAQ:ORCL) to $47.00 in a research report issued on Thursday. Stifel Nicolaus’ price objective suggests a potential upside of 10.43% from the company’s current price.
ORCL has been the subject of a number of other recent research reports. Analysts at Stifel raised their price target on shares of Oracle from $45.00 to $47.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Maxim Group initiated coverage on shares of Oracle in a research note on Wednesday, June 4th. They set a “buy” rating and a $48.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Oracle in a research note on Wednesday, May 21st. They now have a $44.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $42.09.
Oracle (NASDAQ:ORCL) traded down 0.61% on Thursday, hitting $42.30. 2,635,070 shares of the company’s stock traded hands. Oracle has a 52-week low of $29.86 and a 52-week high of $42.88. The stock’s 50-day moving average is $41.43 and its 200-day moving average is $38.70. The company has a market cap of $188.6 billion and a price-to-earnings ratio of 17.79.
Oracle (NASDAQ:ORCL) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.02. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that Oracle will post $2.91 EPS for the current fiscal year.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company provides cloud services as well as software and hardware products to other cloud service providers, both public and private.
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