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

In a report published Wednesday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on

. 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.