Analysts have been eager to weigh in on the Technology sector with new ratings on Oracle Corp (ORCL) and Global Eagle (ENT).
Oracle Corp (ORCL)
In a report released today, Brian White from Monness maintained a Hold rating on Oracle Corp. The company’s shares closed yesterday at $53.62, close to its 52-week high of $55.53.
According to TipRanks.com, White is a top 25 analyst with an average return of 25.6% and a 73.2% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
Currently, the analyst consensus on Oracle Corp is a Hold with an average price target of $55.94.
See today’s analyst top recommended stocks >>
Global Eagle (ENT)
In a report released today, Greg Gibas from Northland Securities initiated coverage with a Buy rating on Global Eagle and a price target of $1.50. The company’s shares closed yesterday at $0.65, close to its 52-week low of $0.42.
Gibas commented:
“We are assuming coverage of Outperform rating and a $1.50 price target. With ENT’s shares trading at distressed levels, despite improving underlying fundamentals, we continue to find value in the company’s growing Connectivity and Content segments, both of which are winning new business as well as securing contract renewals.”
According to TipRanks.com, Gibas is ranked #4204 out of 5196 analysts.
Currently, the analyst consensus on Global Eagle is a Hold with an average price target of $1.50.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
