J.P. Morgan analyst Mark Murphy maintained a Hold rating on Oracle Corp (ORCL) today and set a price target of $56. The company’s shares closed last Monday at $53.89.
According to TipRanks.com, Murphy is a 5-star analyst with an average return of 18.2% and a 67.3% success rate. Murphy covers the Technology sector, focusing on stocks such as Coupa Software Inc, Smartsheet Inc, and Benefitfocus.
Currently, the analyst consensus on Oracle Corp is a Hold with an average price target of $58.94, representing an 8.5% upside. In a report released today, Monness also assigned a Hold rating to the stock.
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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 13.69M.
Based on the recent corporate insider activity of 18 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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