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UPDATE: Deutsche Bank Reiterates On Oracle Ahead Of Database Ramp

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Oracle Beats Expectations on 4th-Quarter —…–7 Earnings (GuruFocus)

In a report published Monday, Deutsche Bank analyst Karl Keirstead reiterated a Buy rating on Oracle (NYSE: ORCL), and raised the price target from $45.00 to $48.00.

In the report, Deutsche Bank noted, “One key component to the ORCL story is the pending ramp of the new 12c database software product, the first major new database release since 11g was launched in '07. The 12c product has two key feature additions, a multi-tenant layer (which went GA in the fall of 2013) and an in-memory option (expected to be out later this summer).

"In our view, Oracle shares include only a modest premium for the potential 12c revenue lift, in part because ORCL itself has been tempering near-term expectations and because feedback from large beta customers is hard to obtain. Last week we reached out to three CIOs and 12c evaluation teams at F500 companies and wanted to pass along their feedback.”

Oracle closed on Friday at $41.69.

Latest Ratings for ORCL

Jun 2017ArgusUpgradesHoldBuy
Jun 2017WedbushUpgradesNeutralOutperform
Apr 2017BenchmarkInitiates Coverage OnBuy

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Posted-In: Deutsche Bank Karl KeirsteadAnalyst Color Price Target Analyst Ratings


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