Vetr Downgrades Oracle As The Stock Hits $50

The Vetr on Friday downgraded its rating on Oracle Corporation ORCL from 3.5 stars (Buy), issued 35 days ago, to 3 stars (Hold). Crowd sentiment at the time of this writing was edging positive, with 60 percent of Vetr user ratings bullish.

Oracle has traded around the $50 handle since delivering a solid Q4 earnings report that showed a beat of analyst's top-line expectations by nearly 15 percent and netting investors $0.89 EPS. It has since wavered close to $48, but regained its share growth to enter September above $50.

Part of the company's recent growth has come in the form of a shift toward developing cloud connectivity solutions. Oracle announced Thursday a collaboration with Mitsubishi Electric to develop an Internet of things platform to enable smart manufacturing.

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Currently, the Vetr crowd's average price target on Oracle is up at $52.23,  which is above the average analyst target price of $45.98. Less than 2 percent of Vetr users are holding ORCL in their watch-lists.