Oracle Given Overweight Rating at Barclays (ORCL)
Oracle (NASDAQ:ORCL)‘s stock had its “overweight” rating reaffirmed by Barclays in a research note issued on Monday. They currently have a $47.00 target price on the stock, up from their previous target price of $44.00. Barclays’ target price would indicate a potential upside of 11.53% from the company’s current price.
Shares of Oracle (NASDAQ:ORCL) traded down 0.19% on Monday, hitting $42.06. 3,853,512 shares of the company’s stock traded hands. Oracle has a one year low of $29.86 and a one year high of $42.88. The stock’s 50-day moving average is $41.54 and its 200-day moving average is $38.75. The company has a market cap of $187.5 billion and a P/E ratio of 17.62.
A number of other analysts have also recently weighed in on ORCL. Analysts at RBC Capital raised their price target on shares of Oracle from $35.00 to $40.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Oracle to $47.00 in a research note on Thursday. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $42.34.
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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