Oracle Upgraded to Buy by StockNews.com

Oracle Corporation (NYSE: ORCL) has recently received an upgrade from StockNews.com, moving from a "hold" rating to a "buy" rating in a research report published on Thursday. This change indicates a more positive outlook on the company's stock performance.

Analyst Ratings and Price Targets

Several financial analysts have also shared their perspectives on Oracle's stock. For instance, BMO Capital Markets has increased its target price for Oracle shares from $173.00 to $205.00, tagging a "market perform" rating on the company. Similarly, Piper Sandler raised its price target from $185.00 to $210.00 and assigned an "overweight" rating. DA Davidson has also adjusted its target upward, boosting it from $140.00 to $150.00 with a "neutral" rating.

Moreover, Royal Bank of Canada reaffirmed a "sector perform" rating with a price target of $165.00. On the same day, Guggenheim elevated its price target for Oracle from $200.00 to $220.00 and maintained a "buy" rating. The aggregated opinion from one analyst suggests a sell rating, while ten analysts recommend holding the stock, eighteen analysts favor a buy position, and one rates it as a strong buy. Overall, MarketBeat.com reports a consensus rating of "Moderate Buy" with an average price target of approximately $181.48.

Stock Performance and Trading Insights

During mid-day trading on Thursday, Oracle shares rose by $1.42, reaching $159.73, with a trading volume of over 9 million shares compared to an average of around 8 million. The company's recent financial metrics show a market capitalization of $446.76 billion, a price-to-earnings (P/E) ratio of 39.05 and a price-to-earnings-growth (PEG) ratio of 3.03. The stock has ranged between a twelve-month low of $105.68 and a high of $198.31.

In its latest earnings report disclosed on December 9, Oracle posted earnings of $1.47 per share which was slightly below analyst predictions of $1.48. Despite the shortfall, the year-over-year revenue saw an increase of 8.6%, totaling $14.06 billion for the quarter.

Institutional Investment Activity

Recently, several institutional investors have altered their stakes in Oracle. For instance, Charles Schwab Trust Co raised its holdings by 28.4%, acquiring an additional 2,264 shares. Crossmark Global Holdings Inc. also increased its investment by 1.2%, and Reliant Investment Management LLC made a minor increase of 0.3%. Other firms like Sugar Maple Asset Management LLC and Ballentine Partners LLC also expanded their investments.
Overall, institutional investors now control approximately 42.44% of Oracle’s stock.

Overview of Oracle Corporation

Oracle Corporation is a global leader that provides a variety of products and services tailored for enterprise information technology. The company's offerings include diverse cloud-based software applications such as Oracle Fusion cloud solutions for enterprise resource planning, performance management, supply chain, healthcare, and more.

Oracle, Stocks, Investment