Oracle (ORCL): Database At Positive Inflection Point - Jefferies
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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.
Shares of Oracle closed at $41.26 yesterday.
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