Pacific Crest analysts weigh in on iPhone maker Apple Inc. (NASDAQ:AAPL) and software maker Oracle Corporation (NYSE:ORCL). The analysts reflect on Apple’s upcoming Worldwide Developers Conference (WWDC), and Oracle’s upcoming earnings release. Let’s take a closer look:

Apple Inc.

Apple is about to kick off its annual developer conference in San Francisco, its biggest event of the year. The company is gearing up to release new versions of all of its software, as well as potentially new products. All of them will be shown off at the keynote event on Monday, June 13, at 10 a.m.

Pacific Crest analyst Andy Hargreaves noted, “In addition to the significant changes to the App Store announced this week, we expect Apple to detail updates to Siri and Apple Pay. We do not expect any of the announcements to change our view of earnings potential over the next 15 months, but believe the new offerings could provide incremental revenue sources and enhance the Apple ecosystem. We do not expect any significant new hardware to be announced.”

Hargreaves reiterated an Overweight rating on Apple’s stock, with a price target of $123, which represents a potential upside of 24% from where the stock is currently trading.

According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Andy Hargreaves has a yearly average return of 21.2% and a 56% success rate. Hargreaves has a 16.1% average return when recommending AAPL, and is ranked #109 out of 3990 analysts.

Out of the 38 analysts polled by TipRanks (in the past 3 months), 32 are bullish on Apple stock, 5 are on the sidelines, while 1 remains bearish. With a return potential of nearly 26%, the stock’s consensus target price stands at $125.16.

Oracle Corporation

In addition, Pacific Crest analyst Brendan Barnicle sets expectations on Oracle, as the company is scheduled to release fiscal fourth-quarter and full-year earnings on June 16, after market close.

Barnicle noted, “Our checks with Oracle partners suggest that trends from F3Q16 continued through F4Q16. We expect in-line results and guidance. New customers are adopting Oracle’s cloud faster than expected, while current on-premise customers are adopting the cloud slower than expected. Results will depend on the mix between license and cloud, and it is unclear how closely results will mirror customer usage due to incentives and promotions. The recent whistleblower lawsuit and report of capacity constraints in Oracle’s cloud add uncertainty.”

Barnicle remains sidelined on shares of Oracle, reiterating a Sector Weight rating.

According to TipRanks, analyst Brendan Barnicle has a yearly average return of 12.5% and a 74% success rate. Barnicle has a 13.6% average return when recommending ORCL, and is ranked #166 out of 3990 analysts.

Out of 19 analysts polled by TipRanks within the past three months, 10 are bullish on Oracle’s stock, 7 are neutral and 2 are bearish. The average 12-month price target for the company is $45.92, marking a 18.53% potential upside from current levels.