Cantor Reiterates Upbeat View of Oracle Corporation Following HCM World Event
In a research report issued Friday, Cantor analyst Brian White reiterated a Buy rating on Oracle Corporation (NYSE:ORCL) with a $48 price target, following the Oracle HCM World event in Washington, D.C. that included an investor track Q&A session with CEO Mark Hurd. Osiris shares are currently trading at $42.51, down $0.48 or 1.12%.
White noted, “During the opening keynote, human capital management (HCM) was described as a clear priority for senior leaders, and this solution appears to be following CRM into the cloud. Just over a year ago, Oracle held its first Cloud Forum for analysts, and the progress made across its cloud portfolio is nothing short of remarkable, in our view. Yesterday’s event only furthered our enthusiasm for Oracle’s cloud initiatives, which we find the most aggressive of any of the large, global IT vendors in our coverage universe, and we believe Oracle has the highest probability of success.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Brian White has a total average return of 17.4% and a 65.5% success rate. White has a 3.8% average return when recommending ORCL, and is ranked #33 out of 3550 analysts.