Oracle (ORCL): Database At Positive Inflection Point - Jefferies

August 29, 2016 7:35 AM EDT
Get Alerts ORCL Hot Sheet
Price: $39.27 +0.20%

Rating Summary:
    33 Buy, 19 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
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Jefferies analyst, John DiFucci, reiterated his Buy rating on shares of Oracle (NYSE: ORCL) along with the price target of $51. The analyst expects to see a positive inflection point in ORCL's most significant business – the database.

The analyst believes the imminent release of the 12c R2 ORCL database could add 8-9% of growth to annual revenue once fully realized, or ~2-3% if all new business is PaaS. The cumulative PaaS magnitude would grow faster, outstripping the equivalent license+mtn contribution within 6 years. Additionally, this incremental growth is not in his estimates.

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 $41.26 yesterday.

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