Goldman Trims Oracle (ORCL) PT Following 'Mediocre' Q4 Results

June 21, 2013 8:41 AM EDT
Get Alerts ORCL Hot Sheet
Price: $39.87 +1.68%

Rating Summary:
    33 Buy, 19 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs today maintained a Buy rating Oracle (NASDAQ: ORCL) and lowered its price target to $39.00 (from $42.00). Yesterday Oracle reported Q4 revenue that fell short of expectations. EPS was in-line and license revenue came at the low end of guidance.

Commenting, analyst Heather Bellini said, "We view Oracle’s results as likely more macro driven than company specific which will likely further deflate the software sector's sails near-term as the market looks to glean more data from the upcoming 2Q results period. While results were mediocre at best (in line with peers), this is a performance not typically experienced by the company in a fiscal 4Q. Over the last 5 F4Qs, ORCL has consistently exceeded the midpoint of its license guidance range."

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 $33.21 yesterday.

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