Oracle’s Buy Rating Reaffirmed at TheStreet (ORCL)
TheStreet reissued their buy rating on shares of Oracle (NASDAQ: ORCL) in a report released on Tuesday.
“Oracle Corporation (ORCL) has been reiterated by TheStreet Ratings as a buy with a ratings score of A . The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
,” TheStreet’s analyst wrote.
Shares of Oracle (NASDAQ: ORCL) opened at 32.75 on Tuesday. Oracle has a 52 week low of $25.33 and a 52 week high of $36.43. The stock’s 50-day moving average is currently $35.2. The company has a market cap of $155.0 billion and a P/E ratio of 16.81.
A number of other firms have also recently commented on ORCL. Analysts at RBC Capital raised their price target on shares of Oracle from $37.00 to $39.00 in a research note to investors on Tuesday. They now have an outperform rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Oracle from $35.00 to $37.00 in a research note to investors on Monday. They now have a hold rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Oracle from $37.00 to $40.00 in a research note to investors on Monday. They now have an outperform rating on the stock.
One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $37.94.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company’s software, hardware systems, and services businesses develops, manufactures, markets, hosts and supports database and middleware software, applications software, and hardware systems, with the latter consisting primarily of computer server and storage products.
To view TheStreet’s full report, visit www.thestreetratings.com
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