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Canaccord Genuity disclosed Oracle Corporation (NYSE:ORCL), hiking its price target to $56.00 earlier today

Having a price of $46.33, Oracle Corporation (NYSE:ORCL) traded 0.53% higher on the day. With the last stock price down 12.81% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. ORCL has recorded a 50-day average of $49.86 and a two hundred day average of $46.78. Trade Volume was up over the average, with 13,344,147 shares of ORCL changing hands over the typical 13,043,800

Stating a potential upside of 0.21%, Canaccord Genuity raised the target price of Oracle Corporation (NYSE:ORCL) to $56.00

On 6/20/2017, Jefferies & Co released a statement about Oracle Corporation (NYSE:ORCL) upped the target price from $0.00 to $52.00 that suggested an upside of 0.13%.

Recent Performance Chart

Oracle Corporation (NYSE:ORCL)

Oracle Corporation has PE ratio of 23.88 with a one year low of $37.62 and a one year high of $52.89 and has a market capitalization of $0.

A total of 34 brokerages have issued a ratings update on Oracle Corporation. Seven brokerages rating the company a strong buy, fifteen brokerages rating the company a buy, fourteen brokerages rating the company a hold, four brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $43.91.

General Company Details For 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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