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Oracle Corp (ORCL) Receives a Buy from Credit Suisse


Credit Suisse analyst Brad Zelnick maintained a Buy rating on Oracle Corp (NYSE: ORCL) yesterday and set a price target of $60. The company’s shares closed yesterday at $48.96.

According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 11.3% and a 77.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and Everbridge Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oracle Corp with a $54.65 average price target, representing an 11.6% upside. In a report issued on September 7, Barclays also maintained a Buy rating on the stock with a $60 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.