UPDATE: Deutsche Bank Reiterates On Oracle Ahead Of Database Ramp
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
|Mar 2017||JP Morgan||Upgrades||Neutral||Overweight|
|Mar 2017||JMP Securities||Upgrades||Market Underperform||Market Perform|
|Jan 2017||Wells Fargo||Initiates Coverage On||Outperform|
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