Vetr Crowd Upgrades Oracle, 89% Of Users Bullish
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 5-stars. In fact, shares of Oracle has risen to $34.65 since the prior rating of 4.0-stars was issued just 3 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.”
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