Canaccord Genuity maintains a 'Hold' on Oracle (ORCL); Respectable Quarter, But What's Next?
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Price: $150.52 -3.65%
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Hold' on Oracle (NASDAQ: ORCL) price target raised from $28 to $30.00.
Analyst, Richard Davis, said, "The fact is that Oracle is not growing particularly rapidly, and despite an extended discussion to the contrary the firm is facing a tougher group of competitors. We suspect that this realization probably accounts for the stock’s underperformance versus the market on 12- and six-month periods and a market performer post the December 20 earnings miss. Oracle has survived difficult periods in the past (1990 cash crunch and 2001 IT spending meltdown), so this firm knows how to pivot. Oracle, however, is not ahead of its competitors in software architecture or business momentum. Could this change? Of course, but we believe Oracle is playing catch up for now."
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 $30.10 yesterday.
Analyst, Richard Davis, said, "The fact is that Oracle is not growing particularly rapidly, and despite an extended discussion to the contrary the firm is facing a tougher group of competitors. We suspect that this realization probably accounts for the stock’s underperformance versus the market on 12- and six-month periods and a market performer post the December 20 earnings miss. Oracle has survived difficult periods in the past (1990 cash crunch and 2001 IT spending meltdown), so this firm knows how to pivot. Oracle, however, is not ahead of its competitors in software architecture or business momentum. Could this change? Of course, but we believe Oracle is playing catch up for now."
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 $30.10 yesterday.
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