What’s New With Oracle Corporation (ORCL)
In a report issued on July 1, John Difucci from Jefferies reiterated a Buy rating on Oracle Corporation (NYSE:ORCL). The company’s shares closed last Friday at $40.86, close to its 52-week high of $41.69.
Oracle was recently ordered to pay $3 billion dollars to Hewlett Packard after losing a case to the company involving HPE’s Itanium, servers. Despite losing the case, the company has seen an increase in net income, expanding profit margins, and a healthy financial position.
According to TipRanks.com, Difucci is a 4-star analyst with an average return of 5.4% and a 55.9% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Concur Technologies, and CommVault Systems.
Currently, the analyst consensus on Oracle Corp. is Moderate Buy and the average price target is $43.59, representing a 6.7% upside.
In a report issued on June 17, BTIG also maintained a Buy rating on the stock with a $44 price target.