Canaccord Genuity Maintains a 'Hold' on Oracle (ORCL); Possible Short-Term Play, But...

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Canaccord Genuity maintains a 'Hold' on Oracle (NASDAQ: ORCL) price target of $30.00.

Analyst, Richard Davis, said, "We believe ORCL shares are due for a short-term bounce when the company reports its May quarter (Q4/12) on June 21. However, we do not believe the firm’s fundamentals are sufficiently strong to produce a sustained rally. In our opinion, this means that our continued HOLD rating is warranted."

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $27.53 yesterday, with a 52 week range of $24.72-$34.13.

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