Oracle Corporation (ORCL) : 21 investment research analysts covering Oracle Corporation (ORCL) have an average price target of $45.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $52 and the lowest target is $31 for the short term. Analysts expect the variance to be within $4.78 of the average price.
Oracle Corporation (ORCL) : 26 analysts are covering Oracle Corporation (ORCL) and their average rating on the stock is 1.92, which is read as a Buy. 14 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Oracle Corporation (ORCL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity Analysts at the Brokerage Firm, Atlantic Equities, downgrades their rating on the shares of Oracle Corporation (NYSE:ORCL). Atlantic Equities has a Neutral rating on the shares. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on July 19, 2016.
Oracle Corporation (NYSE:ORCL): The stock opened at $40.98 on Thursday but the bulls could not build on the opening and the stock topped out at $41.26 for the day. The stock traded down to $40.78 during the day, due to lack of any buying support eventually closed down at $41.16 with a loss of -0.15% for the day. The stock had closed at $41.22 on the previous day. The total traded volume was 10,652,531 shares.
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