Market Overview

UPDATE: Deutsche Bank Reiterates On Oracle Ahead Of Database Ramp

Related ORCL
After Big Monday Rally, Markets Approach Recent Highs As Earnings Season Looms
Is SS&C Technologies A Buy At Its Current P/E Multiple?
Billion-Dollar Unicorns: Is Palantir Losing Valuation? (Seeking Alpha)

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 2018NomuraMaintainsBuyBuy
Jun 2018Raymond JamesMaintainsOutperformOutperform
Jun 2018RosenblattDowngradesBuyNeutral

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

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


Related Articles (ORCL)

View Comments and Join the Discussion!