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Oracle Corp (ORCL) Gets a Hold Rating from KeyBanc


KeyBanc analyst Monika Garg maintained a Hold rating on Oracle Corp (NYSE: ORCL) today. The company’s shares opened today at $49.34.

Garg observed:

“We are lowering our estimates to reflect Oracle’s clarified guidance around ASC 606 and impact from currency headwinds. Consistent with our 3Q18 CIO Survey and after speaking to several Oracle implementation partners, it appears business trends are stable. Oracle’s move to the cloud continues to be a long- term process, and this is consistent with the feedback we have heard from the channel. Remain Sector Weight.”

According to TipRanks.com, Garg is a 5-star analyst with an average return of 29.6% and a 82.0% success rate. Garg covers the Technology sector, focusing on stocks such as Aspen Technology, Blackbaud, and Autodesk.

Currently, the analyst consensus on Oracle Corp is a Moderate Buy with an average price target of $54.65, representing a 10.8% upside. In a report released today, UBS also maintained a Hold rating on the stock with a $51 price target.

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Based on Oracle Corp’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $11.25 billion and net profit of $3.41 billion. In comparison, last year the company earned revenue of $9.19 billion and had a net profit of $2.21 billion.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2018, Naomi Seligman, a Director at ORCL sold 45,000 shares for a total of $2,164,050.

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.