Short Term Price Target on Oracle Corporation (ORCL)

Oracle Corporation (NYSE:ORCL) : The consensus price target for Oracle Corporation (NYSE:ORCL) is $44.79 for the short term with a standard deviation of $5.34. The most optimist securities analyst among the 19 who monitor the stock believes that the stock can reach $52, however, the pessimist price target for the company is $31.

Shares of Oracle Corporation rose by 0.24% in the last five trading days and 1.66% for the last 4 weeks. Oracle Corporation has dropped 0.19% during the last 3-month period . Year-to-Date the stock performance stands at 12.93%. Also, Cowen & Company initiates coverage on Oracle Corporation (NYSE:ORCL). The shares have now been rated Outperform by the stock experts at the ratings house. The rating by the firm was issued on June 24, 2016.

Oracle Corporation (NYSE:ORCL) : 11 brokerage houses believe that Oracle Corporation (NYSE:ORCL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Oracle Corporation (NYSE:ORCL). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 24 Wall Street Analysts endorse the stock as a Buy with a rating of 2.08.

Oracle Corporation (NYSE:ORCL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.48 and $40.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.93, notching a gain of 0.94% for the day. The total traded volume was 20,100,918 . The stock had closed at $40.55 on the previous day.

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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