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Morgan Stanley Sees Oracle as Near High-End of Multiple Range

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In a report published Wednesday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on Oracle (NYSE: ORCL).

In the report, Morgan Stanley noted, “Posting just 1% YoY software billings growth against the easiest comp of the year brings into question the achievability of Q4 targets near-term, and competitive positioning longer-term. However, the larger threat to our equation for sustainable 10% EPS growth at ORCL likely remains the ability to consistently expand margins. With the stock near the high-end of its multiple range, we remain EW.”

Oracle closed on Tuesday at $38.84.

Latest Ratings for ORCL

DateFirmActionFromTo
Jan 2017Wells FargoInitiates Coverage OnOutperform
Sep 2016MacquarieMaintainsOutperform
Sep 2016NomuraMaintainsBuy

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Posted-In: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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