Market Overview

UPDATE: BMO Capital Markets Upgrades Oracle Corporation to Outperform, Raises PT

Share:
Related ORCL
Jim Cramer Gives His Opinion On Oracle, Fiat Chrysler And Michael Kors
Supreme Court Rejects Google's Appeal Of Java Copyright Ruling
S&P 500 Could Be In Its Most Difficult Period - Cramer's Mad Money (6/30/15) (Seeking Alpha)

In a report published Friday, BMO Capital Markets upgraded its rating on Oracle Corporation (NASDAQ: ORCL) from Market Perform to Outperform, and raised its price target from $36.00 to $43.00.

BMO Capital Markets noted, “Bottom line, we conclude that enterprise data software spending is improving after a rough 2012 and that demand for engineered data appliances is now broad enough that Exadata sales will have a discernable impact on Oracle's overall growth rate in 2013. Rival SAP appears to be backing off its 2015 database target, Oracle is at least fighting back in the cloud application market, and we believe the worst of the hardware declines are behind us. Coupled with continued margin gains, we believe that the likelihood of EPS upside is high and that at just 13x non-GAAP EPS, Oracle shares represent compelling value even after the recent run from $30 to $35.”

Oracle Corporation closed on Thursday at $35.51.

Latest Ratings for ORCL

DateFirmActionFromTo
Jun 2015WedbushReiteratesNeutral
Jun 2015Cantor FitzgeraldMaintainsBuy
Jun 2015SunTrust Robinson HumphreyMaintainsNeutral

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Upgrades Analyst Ratings

 

Related Articles (ORCL)

Around the Web, We're Loving...

Get Benzinga's Newsletters