A report released today by RBC Capital Markets about Oracle Corporation (NYSE:ORCL) bumps the target price to $43.00
- Updated: September 30, 2016
RBC Capital Markets raised the target price of Oracle Corporation (NYSE:ORCL) to $43.00 stating a potential upside of 0.10%.
On 09/27/2016, Vetr Inc. released a statement on Oracle Corporation (NYSE:ORCL) upped the target price from $0.00 to $42.91 that suggested an upside of 0.10%.
Displaying a price of $39.12, Oracle Corporation (NYSE:ORCL) traded -0.81% lower on the day. With the last stock price close down -3.09% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. ORCL has recorded a 50-day moving average of $40.54 and a 200-day moving average of $40.37. 8,795,189 shares of the stock were exchanged, down from an average trading volume of 11,856,700
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Oracle Corporation has a 52 week low of $33.13 and a 52 week high of $42.00 with a P/E ratio of 18.58 The company’s market cap is presently $0.
A total of 34 equity analysts have released a ratings update on ORCL. Seven equity analysts rating the company a strong buy, fifteen equity analysts rating the company a buy, fourteen equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $43.91.
Brief Synopsis About Oracle Corporation (NYSE:ORCL)
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company's businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. Its hardware business consists of two segments, including hardware products and hardware support. The Company's services business includes the remainder of the Company's segments. Its services business includes activities, such as consulting services, enhanced support services and education services, among others.
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