Oracle (ORCL – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Brent Thill from Jefferies maintained a Buy rating on the stock and has a $150.00 price target.
Brent Thill has given his Buy rating due to a combination of factors that suggest favorable prospects for Oracle. Thill has observed that Oracle made a solid recovery in F3Q after a less impressive first half, driven by better-than-expected performance in its Oracle Cloud Infrastructure (OCI) and a notable 29% growth in its backlog. This positive momentum, coupled with management’s reaffirmation of their FY26 targets, indicates a robust compound annual growth rate that is expected to propel the company toward significant revenue milestones.
Thill also finds Oracle’s valuation appealing when compared to its peers, noting that its shares trade at a multiple that is attractive relative to industry giants like Microsoft. The strong execution in the third fiscal quarter, combined with Oracle’s capacity to secure new business and thrive in a competitive multi-cloud environment, supports the analyst’s conviction in maintaining a Buy rating with a $150 price target. This assessment reflects a belief in Oracle’s potential for sustained growth and value creation for shareholders.
In another report released on March 8, TD Cowen also assigned a Buy rating to the stock with a $130.00 price target.
See the top stocks recommended by analysts >>
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.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
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.
Read More on ORCL:
- ORCL Earnings: Oracle Surges after Earnings Beat
- Oracle Announces Fiscal 2024 Third Quarter Financial Results
- Options Volatility and Implied Earnings Moves Today, March 11, 2024
- Options Volatility and Implied Earnings Moves This Week, March 11 – March 15, 2024
- Oracle price target raised to $120 from $111 at Citi
