Credit Suisse analyst Brad Zelnick maintained a Buy rating on Oracle Corp (ORCL) yesterday and set a price target of $60. The company’s shares closed yesterday at $47.23.
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 6.5% and a 58.8% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Instructure Inc, and Salesforce.com.
Oracle Corp has an analyst consensus of Moderate Buy, with a price target consensus of $54.13, implying a 14.6% upside from current levels. In a report issued on December 12, Nomura also reiterated a Buy rating on the stock with a $53 price target.
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Based on Oracle Corp’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $9.19 billion and net profit of $2.27 billion. In comparison, last year the company earned revenue of $9.62 billion and had a net profit of $2.23 billion.
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