Analysts Offer Insights on Technology Companies: DocuSign Inc (DOCU) and Oracle Corp (ORCL)
Analysts have been eager to weigh in on the Technology sector with new ratings on DocuSign Inc (DOCU) and Oracle Corp (ORCL).
DocuSign Inc (DOCU)
In a report released today, Jennifer Redding from Wedbush maintained a Hold rating on DocuSign Inc, with a price target of $59. The company’s shares closed yesterday at $58.85.
According to TipRanks.com, Redding is a 2-star analyst with an average return of 2.8% and a 50.0% success rate. Redding covers the Services sector, focusing on stocks such as Abercrombie Fitch, Burlington Stores, and Children’s Place.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for DocuSign Inc with a $61.20 average price target.
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Oracle Corp (ORCL)
Raymond James analyst Michael Turits maintained a Buy rating on Oracle Corp today and set a price target of $57. The company’s shares closed yesterday at $53.05, close to its 52-week high of $53.47.
According to TipRanks.com, Turits is a top 25 analyst with an average return of 26.7% and a 79.4% success rate. Turits covers the Technology sector, focusing on stocks such as Limelight Networks, Carbon Black Inc, and New Relic Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Oracle Corp with a $54.38 average price target, implying a 2.5% upside from current levels. In a report issued on March 11, Credit Suisse also maintained a Buy rating on the stock with a $60 price target.
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