Market Overview

J.P. Morgan Reiterates Overweight Rating, $40 PT on Oracle Corporation

Share:
Related ORCL
Deutsche Bank Just Shared What They Think Of Paul Singer's Stake In Informatica
What To Expect From Microsoft's Earnings (In 7 Pictures)
IBM Management Guidance Not Very Optimistic In 2015 (GuruFocus)

In a report published Wednesday, J.P. Morgan & Co. reiterated its Overweight rating and $40.00 price target on Oracle Corporation (NASDAQ: ORCL).

J.P. Morgan noted, “Investors worrying that an end-of-year event might reduce 2012 investment performance got some relief from their indigestion last night, as Oracle reported solid results and guidance relative to expectations. Oracle's results will likely help the entire space. Oracle exceeded expectations for both the important Software license and Cloud revenue and non-GAAP EPS, while less important hardware revenues were below estimates as engineered systems strength is not yet enough to offset the struggling traditional hardware business. Importantly, license guidance for the February period was slightly better and EPS was in line, though Hardware was again slightly below consensus expectations.”

Oracle Corporation closed on Tuesday at $32.88.

Latest Ratings for ORCL

DateFirmActionFromTo
Jan 2015Piper JaffrayUpgradesNeutralOverweight
Dec 2014Credit SuisseMaintainsOutperform
Dec 2014BarclaysMaintainsOverweight

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Reiteration Analyst Ratings

 

Related Articles (ORCL)

Around the Web, We're Loving...

Get Benzinga's Newsletters