KeyBanc Keeps a Hold Rating on Oracle Corp

KeyBanc analyst Monika Garg maintained a Hold rating on Oracle Corp (NYSE: ORCL) yesterday. The company’s shares closed yesterday at $45.90.

Garg said:

“We expect Oracle to report in- line cloud and total revenue, and in-line EPS for the F4Q. For cloud, we are expecting 20.6% growth, which is slightly lower than consensus of 21.6% for the F4Q. Street is modeling 21.9% cloud growth, which is in line with our estimate for 21.2%. Oracle had closed the Aconex acquisition at the end of March. We had added Aconex to our estimates after the last earnings call. Oracle only provides quarterly cloud guidance and generally does not provide yearly cloud growth guidance, though it could provide commentary around yearly EPS growth expectations.”

According to, Garg is a 5-star analyst with an average return of 30.7% and a 80.9% success rate. Garg covers the Technology sector, focusing on stocks such as Aspen Technology, Guidewire, and Autodesk.

Currently, the analyst consensus on Oracle Corp is Moderate Buy and the average price target is $56.25, representing a 22.5% upside.

In a report released yesterday, Monness also maintained a Hold rating on the stock.

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The company has a one-year high of $53.48 and a one-year low of $44.04. Currently, Oracle Corp has an average volume of 15.21M.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.

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