Oracle Stock Rating Reaffirmed by Zacks (ORCL)
Oracle (NASDAQ:ORCL)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Friday. They currently have a $44.00 price target on the stock. Zacks‘s price target points to a potential upside of 5.82% from the stock’s previous close.
Shares of Oracle (NASDAQ:ORCL) traded up 0.36% on Friday, hitting $41.73. The stock had a trading volume of 5,812,858 shares. Oracle has a one year low of $31.56 and a one year high of $43.19. The stock’s 50-day moving average is $40.39 and its 200-day moving average is $40.12. The company has a market cap of $185.9 billion and a price-to-earnings ratio of 17.47.
Oracle (NASDAQ:ORCL) last announced its earnings results on Thursday, June 19th. The company reported $0.92 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.95 by $0.03. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $11.48 billion. During the same quarter last year, the company posted $0.87 earnings per share. Oracle’s revenue was up 3.3% compared to the same quarter last year. Analysts expect that Oracle will post $3.16 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Atlantic Securities upgraded shares of Oracle from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 2nd. They now have a $48.00 price target on the stock, up previously from $39.00. Separately, analysts at Susquehanna raised their price target on shares of Oracle from $45.00 to $47.00 in a research note on Friday, June 20th. They now have a “positive” rating on the stock. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of Oracle in a research note on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $42.65.
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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