Bernstein analyst Mark Moerdler maintained a Buy rating on Oracle Corp (ORCL) yesterday and set a price target of $57. The company’s shares closed yesterday at $45.85.
According to TipRanks.com, Moerdler is a 5-star analyst with an average return of 12.0% and a 71.3% success rate. Moerdler covers the Technology sector, focusing on stocks such as Salesforce.com, Workday Inc, and Splunk Inc.
Currently, the analyst consensus on Oracle Corp is a Moderate Buy with an average price target of $53.50, which is a 16.7% 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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The company has a one-year high of $53.48 and a one-year low of $42.57. Currently, Oracle Corp has an average volume of 20.85M.
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