A number of other firms have also recently commented on ORCL. Analysts at Susquehanna reiterated a positive rating on shares of Oracle in a research note to investors on Friday. They now have a $38.00 price target on the stock.
Separately, analysts at Bank of America raised their price target on shares of Oracle from $34.00 to $38.00 in a research note to investors on Friday. They now have a buy rating on the stock. Finally, analysts at Piper Jaffray reiterated an overweight rating on shares of Oracle in a research note to investors on Thursday. They now have a $36.50 price target on the stock.
Shares of Oracle opened at 32.26 on Friday. Oracle has a one year low of $24.91 and a one year high of $33.81. The company has a market cap of $157.5 billion and a P/E ratio of 16.46.
Oracle last issued its quarterly earnings data on Thursday, September 20th. The company reported $0.53 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.53. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $8.43 billion. The company’s quarterly revenue was down 2.3% on a year-over-year basis.
Oracle Corporation, incorporated in 2005, is an enterprise software company. The Company develops, manufactures, markets, distributes and services database and middleware software, applications software and hardware systems, consisting primarily of computer server and storage products. For the latest updates PRESS CTR + D or visit Stock Market news Today
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