Market Overview

Morgan Stanley Reiterates Overweight Rating, $36 PT on Oracle Corporation

Related ORCL
Workday Business Is Decelerating, New Research Shows
Workday: Best Cloud Pure Play?
The Biggest Buyers Of Software Companies In 2016 (Seeking Alpha)

In a report published Monday, Morgan Stanley reiterated its Overweight rating and $36.00 price target on Oracle Corporation (NASDAQ: ORCL).

Morgan Stanley noted, “Ramping sales productivity, growing Fusion Apps. momentum and continued strength in Exa-series should become more visible via accelerating license growth in Q2, despite an uneven macro. At 11X CY13 EPS, shares do not reflect ORCL's ability to sustain mid-to-high teens EPS growth long term.”

Oracle Corporation closed on Friday at $31.96.

Latest Ratings for ORCL

Nov 2015Goldman SachsUpgradesBuyConviction Buy
Nov 2015Morgan StanleyDowngradesOverweightEqual-weight
Nov 2015FBR CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings


Related Articles (ORCL)

Get Benzinga's Newsletters