In a report issued on June 21, Kirk Materne from Evercore ISI assigned a Buy rating to Oracle Corp (NYSE: ORCL), with a price target of $53. The company’s shares closed yesterday at $44.10, close to its 52-week low of $42.57.
According to TipRanks.com, Materne is a 5-star analyst with an average return of 28.3% and a 79.2% success rate. Materne covers the Technology sector, focusing on stocks such as Workday Inc, Microsoft, and Red Hat.
Currently, the analyst consensus on Oracle Corp is Moderate Buy and the average price target is $55.27, representing a 25.3% upside.
In a report issued on June 7, Credit Suisse also maintained a Buy rating on the stock with a $60 price target.
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Oracle Corp’s market cap is currently $180.5B and has a P/E ratio of 50.11. The company has a Price to Book ratio of 3.78.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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