Market Overview

UPDATE: Jefferies Raises PT to $34 on Oracle Ahead of Earnings

Share:
Related ORCL
Deutsche Bank: MongoDB Isn't A Near-Term Threat To Oracle
Salesforce's 'Magic Of 30' Is Alive, BofA Says
6% Yield From Intel's Deal With Altera (Seeking Alpha)

Jefferies reiterated its Hold rating on Oracle (NASDAQ: ORCL) but raised its price target from $32 to $34.

Jefferies noted, "Our most recent field work points to an in-line F2Q13, although it is possible license could be slightly better given the comp, inorganic contribution and sequential demand trends that do not appear to have deteriorated significantly. Integrated system trends continue to sound better, growth trends in the core sound OK, and Fusion Apps are a slow burn. Remain Hold, but raise our PT to $34 to reflect a shift to FY14."

Oracle closed at $31.96 on Friday.

Latest Ratings for ORCL

DateFirmActionFromTo
May 2015SunTrust Robinson HumphreyInitiates Coverage onNeutral
Mar 2015RBC CapitalUpgradesSector PerformOutperform
Mar 2015BarclaysMaintainsOverweight

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

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

 

Related Articles (ORCL)

Around the Web, We're Loving...

Get Benzinga's Newsletters