In a report published Thursday, J.P. Morgan analyst John DiFucci reiterated an Overweight rating on Oracle Corporation ORCL.
In the report, J.P. Morgan noted, “Oracle announced a strategic alliance with NetSuite (not covered) resulting in deeper integration between Oracle's HCM Cloud and NetSuite core ERP solutions, aimed for mid-size customers. Oracle will have a dedicated sales team focused on selling this combined solution (within its broader HCM salesforce), expected to be released soon. Oracle President Mark Hurd and NetSuite CEO Zach Nelson hosted a conference call announcing the alliance.”
Oracle Corporation closed on Wednesday at $30.14.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in