Monness, Crespi, Cautious on Oracle (ORCL) Ahead of Earnings

June 6, 2022 7:57 AM EDT
Get Alerts ORCL Hot Sheet
Price: $83.35 -0.9%

Rating Summary:
    28 Buy, 31 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
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Monness, Crespi, Hardt analyst Brian White reiterated a Buy rating and $126.00 price target on Oracle (NYSE: ORCL) ahead of earnings but expects the company to face challenges and although it has a reputation for being stable, will face similar challenges to tech stalwarts like and Microsoft, making it difficult to meet revenue and EPS estimates.

The analyst stated "Oracle offers investors a high-quality, value play with the opportunity to participate in an attractive cloud transformation; however, the market has taken a severe aversion to the pending acquisition of Cerner (CERN/Not Rated) and the global environment has changed considerably in recent months. Today, the global economy is flirting with a recession, the geopolitical landscape is menacing, and the tech tantrum has morphed into tech Armageddon."

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 $71.79 yesterday.

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