Market Overview

UPDATE: Societe Generale Raises PT to $35 on Oracle on Solid Outlook

Related ORCL
Oracle Conference Call Highlights
Oracle Analyst Roundup After Q2 Earnings
2014 Tech Anthem: Disrupt and You Shall Succeed (Fox Business)

Societe Generale reiterated its Hold rating on Oracle (NASDAQ: ORCL) but raised its price target from $30 to $35.

Societe Generale noted, "Despite sluggish macro, notably in Europe (32% group revenue), and US fiscal cliff risks, we have greater confidence in Oracle's prospects given: a) new product cycle momentum: History shows that new database releases (10g in 2004, 11g in 2008) add c.10% to license growth in launch year. In 2013 the now more mature Fusion Apps should benefit from migration of EBS 11.5 ERP clients (60% of Oracle ERP installed base). The Exa-series is still on track to deliver triple-digit growth again with a healthy pipeline; b) increased sales capacity (>30% over last 12m across all sectors) should start to deliver."

Oracle closed at $32.03 on Thursday.

Latest Ratings for ORCL

DateFirmActionFromTo
Dec 2014Credit SuisseMaintainsOutperform
Dec 2014BarclaysMaintainsOverweight
Dec 2014FBR CapitalMaintainsOutperform

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

Posted-In: Societe GeneraleAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

Related Articles (ORCL)

Around the Web, We're Loving...

Get Benzinga's Newsletters