Market Overview

J.P. Morgan Reiterates Overweight Rating, $40 PT on Oracle Corporation

Share:
Related ORCL
Are Smart Contracts Changing How We Do Business?
5 Tailwinds That Could Carry Yext Shares Higher
Prentiss Smith & Co Inc Buys Oracle Corp, Berkshire Hathaway Inc, Danaher Corp, Sells ... (GuruFocus)

In a report published Wednesday, J.P. Morgan & Co. reiterated its Overweight rating and $40.00 price target on Oracle Corporation (NASDAQ: ORCL).

J.P. Morgan noted, “Investors worrying that an end-of-year event might reduce 2012 investment performance got some relief from their indigestion last night, as Oracle reported solid results and guidance relative to expectations. Oracle's results will likely help the entire space. Oracle exceeded expectations for both the important Software license and Cloud revenue and non-GAAP EPS, while less important hardware revenues were below estimates as engineered systems strength is not yet enough to offset the struggling traditional hardware business. Importantly, license guidance for the February period was slightly better and EPS was in line, though Hardware was again slightly below consensus expectations.”

Oracle Corporation closed on Tuesday at $32.88.

Latest Ratings for ORCL

DateFirmActionFromTo
Oct 2017PiperJaffrayInitiates Coverage OnOverweight
Sep 2017JefferiesMaintainsBuy
Sep 2017BarclaysMaintainsOverweight

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Reiteration Analyst Ratings

 

Related Articles (ORCL)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...