Market Overview

UPDATE: Citigroup Raises PT to $37 on Oracle on Staying Earning Power

Share:
Related ORCL
Here's What Trip Chowdhry Likes After The Market Selloff
Hortonworks VP Says Company Is 'Constantly' Seeking M&A Opportunities
Seeking U.S. And Asian Stocks With Consistently High ROEs At 52-Week Lows (Seeking Alpha)

Citigroup reiterated its Buy rating on Oracle (NASDAQ: ORCL) and increased its price target from $34 to $37.

Citigroup said, "License reveLicense revenue of $1.574B was inline with street and slightly ahead of our $1.528B estimate. Americas was strong while Europe was weak. … Gross margins (ex-HW product) were better than forecast and sales and marketing expense was lower than we modeled, driving operating margin of 43.7%, 120bp ahead of our estimate."

Oracle closed at $32.26 on Thursday.

Latest Ratings for ORCL

DateFirmActionFromTo
Jul 2015JefferiesUpgradesHoldBuy
Jul 2015Piper JaffrayMaintainsOverweight
Jun 2015WedbushReiteratesNeutral

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (ORCL)

Get Benzinga's Newsletters