In a report released today, Brian White from Monness maintained a Hold rating on Oracle Corp (NYSE: ORCL). The company’s shares closed yesterday at $46.27.
According to TipRanks.com, White is a top 100 analyst with an average return of 17.5% and a 69.2% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
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.
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