Market Overview

Vetr Crowd Upgrades Oracle, 89% Of Users Bullish

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Shares of Oracle Corporation (NYSE: ORCL) have lost more than 20 percent over the past year and are also lower by around 5 percent since the start of 2016.

Despite the noticeable decline in its stock, the Vetr crowd upgraded Oracle's stock rating to 4.5 stars out of a possible five stars. In fact, shares of Oracle has risen to $34.65 since the prior rating of four stars was issued just three days.

Less than 2 percent of the Vetr crowd are holding Oracle's stock in their watch-list. Nevertheless, 89 percent of the crowd's ratings are bullish and the crowd-sourced price target of $39.24 implies an upside of more than 12 percent.

"Continued strong growth in their cloud business with PaSS, SaSS and other offerings will continue to drive the stock up," Jason, a member of the Vetr crowd commented. "The Euro will remain stagnant against the Dollar keeping customer growth in the EU strong but earnings flat. If the Euro gains or the Dollar weakens when compared to a global currency basket earnings may rise higher."

Latest Ratings for ORCL

DateFirmActionFromTo
Jul 2020Credit SuisseMaintainsOutperform
Jun 2020Credit SuisseMaintainsOutperform
Jun 2020JP MorganMaintainsOverweight

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Posted-In: dollar euro PaSS SaSSAnalyst Color Crowdsourcing Analyst Ratings General

Latest Ratings

StockFirmActionPT
ZENOppenheimerMaintains95.0
COppenheimerMaintains101.0
TOppenheimerMaintains38.0
UPSRaymond JamesMaintains135.0
INSPGoldman SachsInitiates Coverage On148.0
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