Cantor Fitzgerald Reiterates Buy on Oracle

In a note published early Friday morning, Cantor Fitzgerald analyst, Brian White reiterated a Buy rating on Oracle Corporation and currently has a $48 price target for the stock. White explained that after attending multiple Oracle events, including yesterday's analyst meeting with senior management, his confidence that Oracle has both the opportunity and ability to be a leader in cloud computing has been reinforced. Furthermore, White believes the company's cloud business has reached an "inflection point". As an example, he noted Oracle was able to add 2,181 new SaaS customers and 200 new SaaS products over the last year.