Drexel Hamilton reiterated a Buy rating and $46.00 price target on Oracle (NYSE: ORCL) following the company's 2Q16 earnings report. Oracle reported non-GAAP sales of $9.0 billion, compared to the Street's $9.06 billion estimates. EPS of $0.63 exceeded consensus of $0.60, due in part to a lower tax rate.

Analyst Brian White commented, "Last night, Oracle delivered one of the healthier quarterly performances over the past year and decisively beat our cloud estimates as the company continues to show momentum with SaaS and PaaS."

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 $38.91 yesterday.

Analyst Comments Analyst EPS Change

FBR Capital Cuts Price Target on Oracle (ORCL) Following In-Line 2Q December 17, 2015 8:50 AM FBR Trims PT on Oracle (ORCL) to $41; Could Solutions Facing Key Window of OpportunityDecember 17, 2015 8:43 AM CFOs Need to Rethink How They Measure the Health of Their Companies, New Research FindsDecember 17, 2015 8:00 AM Oracle (ORCL) PT Trimmed to $45 at Jefferies Following 'Mixed' Q2December 17, 2015 7:39 AM After-Hours Stock Movers 12/16: (PSUN) (FDX) (UPS) Higher; (PIR) (APOG) (ORCL) Lower (more...)December 16, 2015 6:07 PM Market Wrap: Fed Hikes Rates; Valeant Trims Outlook; BATS to Try Another IPO; Industrial Production Lagged in Nov.December 16, 2015 5:27 PM Oracle (ORCL) Guides Q3 EPS Inline with ViewsDecember 16, 2015 5:15 PM Oracle Names Renee James to the Board of DirectorsDecember 16, 2015 4:48 PM Oracle (ORCL) Adds Renée James as DirectorDecember 16, 2015 4:40 PM Oracle (ORCL) Declares $0.15 Quarterly Dividend; 1.5% YieldDecember 16, 2015 4:31 PM Oracle (ORCL) Tops Q2 EPS by 3cDecember 16, 2015 4:29 PM Oracle Reports GAAP EPS of $0.51; Non-GAAP EPS of $0.63December 16, 2015 4:29 PM Trading Radar for 12/16: Oracle (ORCL), FedEx (FDX), Joy Global (JOY), Jabil (JBL), Pier 1 (PIR) ReportDecember 15, 2015 2:37 PM