Oracle Corp (ORCL) Receives a Buy from Credit Suisse
In a report issued on September 16, Brad Zelnick from Credit Suisse maintained a Buy rating on Oracle Corp (ORCL), with a price target of $62. The company’s shares closed last Monday at $52.87.
According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 14.7% and a 72.1% success rate. Zelnick covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, SS&C Technologies Holdings, and Ceridian HCM Holding Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Oracle Corp with a $59.20 average price target, implying an 11.3% upside from current levels. In a report issued on September 12, Bernstein also maintained a Buy rating on the stock with a $66 price target.
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The company has a one-year high of $60.50 and a one-year low of $42.40. Currently, Oracle Corp has an average volume of 13.99M.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORCL in relation to earlier this year. Most recently, in July 2019, Naomi Seligman, a Director at ORCL sold 90,000 shares for a total of $5,356,800.
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