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RBC Capital disclosed Oracle (NYSE:ORCL), bumping down its stock price target to $42.00 earlier today

Oracle (NYSE:ORCL) had its target price bumped down to $42 by RBC Capital in a report released Friday September 16 2016. The target price implies a possible upside of 0.03% from the company’s previous closing price.

Previously on 9/14/2016, Vetr Inc. released a statement on Oracle(NYSE:ORCL) upped the target price from $0.00 to $45.08 that suggested an upside of 0.12%.

Displaying a price of $40.86, Oracle (NYSE:ORCL) traded 1.52% higher on the day. With the last stock price up 1.43% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. Oracle has logged a 50-day average of $41.04 and two hundred day average of $40.28. 19,092,475 shares of ORCL exchanged hands, up from ann avg. trading volume of 12,912,400

See Chart Below:

Oracle (NYSE:ORCL)

With a total market value of $0.0, Oracle has a 52 week low of $33.13 and a one-year high of $42.00 with a PE ratio of 20.

A total of 34 firms have released a research note on the company. Seven analysts rate the company a strong buy, 15 firms rate the company a buy, 14 analyts rate the company a hold, four analysts rate the company to underperform, and finally one analystrate the stock as sell with a one year target price of $43.91

General Information About Oracle (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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