Cantor analyst Brian White offered his prediction on Oracle Corporation (NYSE:ORCL) ahead of tomorrow’s fourth quarter fiscal year earnings release. The analyst maintained a Buy rating on the stock with a price target of $48.00, which implies an upside of 9.8% from current levels.

White said, “Although the IT industry delivered mixed results this earnings season, we anticipate another strong performance from Oracle’s cloud business and we believe the 12c upgrade cycle provides a healthy tailwind for FY:16.” Further, “We believe Oracle will exceed our 4Q:FY15 revenue estimate of $10.71 billion (FactSet consensus is at $10.96 billion) and our EPS projection of $0.84 (consensus is at $0.87).”

“Also, we believe the Oracle Database 12c will begin to have a more important impact in FY:16. For New Software Licenses and Cloud Software Subscriptions revenue (27% of 3Q:FY15 sales), we are modeling an increase of 51% QoQ in seasonally strong 4Q:FY15, while we are projecting Software License Updates and Product Support (50%) to be sequentially flat.”, the analyst added.

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Brian White has a total average return of 18.1% and a 71.9% success rate. White has a 4.9% average return when recommending ORCL, and is ranked #21 out of 3629 analysts.

Out of the 34 analysts polled by TipRanks, 22 rate Oracle stock a Buy, 11 rate the stock a Hold and 1 recommends Sell. With a downside potential of 10.1%, the stock’s consensus target price stands at $39.29.