Goldman Sachs Removes Oracle (ORCL) to Buy from Conviction Buy List

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Goldman Sachs removed Oracle (NASDAQ: ORCL) from its Conviction Buy List but maintained a Buy rating and raised its price target from $37 to $39.

While Goldman sees upside to estimates in coming quarters given easier compares and moderating declines in the hardware business, they said the magnitude of upside risk has moderated somewhat near-term.

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 $34.94 yesterday, with a 52 week range of $25.33-$35.40.

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