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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Oracle Corporation

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In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Oracle Corporation (NASDAQ: ORCL), and slightly raised its price target from $34.00 to $35.00.

Jefferies noted, “F2Q13 results were ahead as license strength (+10% Y/Y cc organic growth) more than offset weak Hardware (-23% Y/Y). NG EPS of $0.64 was $0.03 above the Street/ $0.01 above the top-end of guidance. In-line F3Q13 rev guidance reflects in-line license growth (+8% Y/Y at MP) and sequential increase in Hardware. The MP EPS guidance of $0.66 matches the Street. Our thesis is unchanged; Maintain Hold but raise PT to $35.”

Oracle Corporation closed on Tuesday at $32.88.

Latest Ratings for ORCL

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

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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