Bernstein analyst Rahul Malhotra maintained a Buy rating on Oracle (ORCL – Research Report) today and set a price target of $147.00. The company’s shares closed yesterday at $110.97.
According to TipRanks, Malhotra is a 2-star analyst with an average return of 1.4% and a 50.00% success rate. Malhotra covers the Technology sector, focusing on stocks such as Infosys, Microsoft, and Oracle.
Currently, the analyst consensus on Oracle is a Moderate Buy with an average price target of $123.82.
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The company has a one-year high of $126.46 and a one-year low of $80.80. Currently, Oracle has an average volume of 9.62M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORCL in relation to earlier this year. Most recently, in December 2023, Naomi Seligman, a Director at ORCL sold 16,300.00 shares for a total of $1,727,963.00.
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Oracle (ORCL) Company Description:
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment provides hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware related software, and related hardware support. The Services segment offers consulting, advanced support, and education services. The company was founded by Lawrence Joseph Ellison, Robert Nimrod Miner and Edward A. Oates on June 16, 1977 and is headquartered in Redwood City, CA.
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