Cantor Fitzgerald Starts Oracle (ORCL) at Buy; Engineered Systems Seen as Game Changer
Tweet
Share
E-mailGet Alerts ORCL Hot Sheet
Price: $114.89 -0.39%
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Cantor Fitzgerald initiated coverage on Oracle (NASDAQ: ORCL) with a Buy rating and a price target of $50.00. Analyst Brian J. White thinks the company Engineered Systems could be a game changer in the IT world.
"In our view, Oracle's strategy of engineering hardware and software to work together is unique, and we believe this differentiated value proposition can drive market share gains. At the same time, we believe Oracle is in the midst of a strong product cycle with the ramp of Oracle Database 12c, new services for the Oracle Cloud on the horizon, and continued momentum in Engineered Systems. Finally, Oracle's profit metrics are outstanding and profit growth attractive, yet the stock trades at an approximate 20% P/E discount to the S&P 500 Index," said White.
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 $31.25 yesterday.
"In our view, Oracle's strategy of engineering hardware and software to work together is unique, and we believe this differentiated value proposition can drive market share gains. At the same time, we believe Oracle is in the midst of a strong product cycle with the ramp of Oracle Database 12c, new services for the Oracle Cloud on the horizon, and continued momentum in Engineered Systems. Finally, Oracle's profit metrics are outstanding and profit growth attractive, yet the stock trades at an approximate 20% P/E discount to the S&P 500 Index," said White.
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 $31.25 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amazon.com (AMZN) PT Raised to $215 at UBS
- Sage Therapeutics (SAGE) PT Lowered to $18 at Truist Securities
- Oracle (ORCL) U.S. Government Cloud Customers Accelerate Sovereign AI with NVIDIA AI Enterprise
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Hot New Coverage, New CoverageRelated Entities
Cantor Fitzgerald, Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
