Oppenheimer Sticks to Their Hold Rating for Oracle Corp


In a report released today, Brian Schwartz from Oppenheimer maintained a Hold rating on Oracle Corp (NYSE: ORCL). The company’s shares closed yesterday at $46.27.

Schwartz said:

“Oracle’s F4Q results and outlook look lackluster, and are unlikely to catalyze improvements to the sentiment when measured against the business strength displayed in the results from the other names in our SaaS/Applications universe, and the continued stock underperformance against peers. Positively, management guided to faster revenue growth and double-digit EPS growth in FY2019. However, we remain skeptical the business can achieve the targets because Oracle’s cloud transition is taking longer than expected as seen with billings shrinking y/y in F4Q, the P&L cloud line items rapidly slowing, and worsening cloud business transparency.”

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 29.0% and a 80.2% success rate. Schwartz covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and MiX Telematics.

Currently, the analyst consensus on Oracle Corp is Moderate Buy and the average price target is $58, representing a 25.4% upside.

In a report issued on June 14, J.P. Morgan also downgraded the stock to Hold with a $53 price target.

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Based on Oracle Corp’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $9.77 billion and GAAP net loss of $4.02 billion. In comparison, last year the company earned revenue of $10.89 billion and had a net profit of $3.23 billion.

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

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.

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