Price Target Update on Oracle Corporation (NYSE:ORCL)

Oracle Corporation (NYSE:ORCL) : The highest level Oracle Corporation (NYSE:ORCL) is projected to reach is $52 for the short term and the lowest estimate is at $31. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $44.74 and the possibility the share price can swing is $5.28.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Deutsche Bank maintains its ratings on Oracle Corporation (NYSE:ORCL). In the latest research report, Deutsche Bank maintains the target price to $40 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 17, 2016.

Oracle Corporation (NYSE:ORCL): stock turned positive on Thursday. Though the stock opened at $40.4, the bulls momentum made the stock top out at $40.87 level for the day. The stock recorded a low of $40.26 and closed the trading day at $40.83, in the green by 2.05%. The total traded volume for the day was 15,429,983. The stock had closed at $40.01 in the previous days trading.

The company shares have dropped -2.56% from its 1 Year high price. On Mar 21, 2016, the shares registered one year high at $42.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $39.45 and the 200 Day Moving Average price is recorded at $38.31. On the companys insider trading activities, The director, of Oracle Corp, Garcia-Molina Hector had unloaded 3,750 shares at $38.65 per share in a transaction on June 15, 2016. The total value of transaction was $144,938. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products, and services. The Companys offerings include Oracle database and middleware software, application software, cloud infrastructure, hardware systems including computer server, storage and networking products, and related services. It operates through various segments, including new software licenses and cloud software subscriptions, which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service, which provides deployment and management offerings; software license updates and product support, which includes support, enhancements and upgrades for Oracle software products; hardware systems products, which includes servers, storage, networking, virtualization software, operating systems and management software; hardware systems support, which provides software updates for software components, and services business, which offers consulting services

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