Wedbush Starts Oracle (ORCL) at Neutral
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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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Wedbush initiates coverage on Oracle (NASDAQ: ORCL) with a Neutral. PT $36.00.
The firm comments, "We believe Oracle is a large, liquid, and relatively defensive software investment due to its heavy mix of maintenance revenue, broad product portfolio, and diverse customer base... Relative to consensus, we expect ORCL to be somewhat challenged on revenues, but to meet or beat on EPS going forward... Neither our valuation nor our 12-month outlook provides a strong basis for accumulating shares."
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 $32.03 yesterday.
The firm comments, "We believe Oracle is a large, liquid, and relatively defensive software investment due to its heavy mix of maintenance revenue, broad product portfolio, and diverse customer base... Relative to consensus, we expect ORCL to be somewhat challenged on revenues, but to meet or beat on EPS going forward... Neither our valuation nor our 12-month outlook provides a strong basis for accumulating shares."
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 $32.03 yesterday.
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