Goldman Sachs Reiterates CL-Buy On Oracle; Raises PT To $36

Goldman Sachs is reiterating its CL-Buy on Oracle Corporation ORCL shares following another beat and raise quarter. “Oracle executed on double digit constant currency growth across all geographies, despite lingering concerns in Europe, suggesting continued share gains,” Goldman Sachs writes. “The Exadata pipeline continues to build, up to $2bn this quarter. Cost management was also a highlight with the company back to 43% operating margins (excluding a one-off legal fee repayment) underscoring that top-line out-performance and scale will continue to drive bottom-line vigor.” Goldman Sachs has raised its PT on Oracle from $33 to $36. Oracle currently trades at $30.27.
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Posted In: Analyst RatingsGoldman SachsOracle Corporation
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