A statement released earlier today by Vetr Inc. about Oracle Corporation (NYSE:ORCL) raises the target price to $44.65
- Updated: September 18, 2016
Stating a possible upside of 0.15%, Vetr Inc. upped the estimated target of Oracle Corporation (NYSE:ORCL) to $45.
Yesterday Oracle Corporation (NYSE:ORCL) traded 4.75% lower at $38.92. Oracle Corporation’s 50-day moving average is $41.07 and its 200-day average is $40.28. With the last stock price down 3.37% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was was up over the average, with 50,703,487 shares of ORCL changing hands over the typical 12,858,300 shares..
Recent Performance Graphic:
With a market capitalization of $0.0, Oracle Corporation has a PE of 19 with a one-year low of $33.13 and a one-year high of $42.00.
Also covering Oracle Corporation’s price target, a total of 34 firms have issued a report on Oracle Corporation. The average target is $43.91 with seven analysts rating the stock a strong buy, 15 firms rating the company a buy, 14 firms rating the stock a hold, four brokerages rating the stock to underperform, and finally one analystrating the stock as sell.
General Information 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, and among others.
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