Oppenheimer Maintains Outperform on Oracle (ORCL)
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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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Today Oppenheimer maintained an Outperform rating on Oracle (NASDAQ: ORCL) with a price target of $36.00.
“We reiterate our Outperform rating on ORCL shares as near-term sentiment is likely to improve for the following reasons: 1) Street EPS estimates are likely to trend higher near term; 2) the seasonally slow Q1 is done while excitement for Oracle OpenWorld is beginning; 3) Oracle enters a period of ramping internally developed product cycles (Fusion Apps, Engineered-Systems, Database 12C, Hardware); and 4) y/y comparisons start to ease,” said analyst Glenn Greene.
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 $32.26 yesterday.
“We reiterate our Outperform rating on ORCL shares as near-term sentiment is likely to improve for the following reasons: 1) Street EPS estimates are likely to trend higher near term; 2) the seasonally slow Q1 is done while excitement for Oracle OpenWorld is beginning; 3) Oracle enters a period of ramping internally developed product cycles (Fusion Apps, Engineered-Systems, Database 12C, Hardware); and 4) y/y comparisons start to ease,” said analyst Glenn Greene.
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 $32.26 yesterday.
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