Oracle Co. Shares on the New York Stock Exchange, with the symbol ORCL, have been rated as a “Moderate Buy” by analysts. Out of the thirty analysts covering the stock, thirteen have recommended holding the stock, while seventeen have recommended buying it. The average target price for the stock in the next twelve months is $145.83 according to brokerages that have covered the stock in the past year.
Various research firms have recently given their insights on ORCL. TD Cowen, BMO Capital Markets, UBS Group, HSBC, and JPMorgan Chase & Co. have all adjusted their price targets and ratings on Oracle. Recent insider activities include Director George H. Conrad selling significant amounts of the company’s stock in the past months.
Hedge funds have also made changes in their positions regarding Oracle, with several showing an increase in their holdings of the company’s stock. Institutional investors currently own a considerable percentage of Oracle’s shares.
Oracle shares have experienced a 0.3% increase in trading on the New York Stock Exchange. The company’s market capitalization is $399.13 billion, with various financial ratios indicating its performance in the market.
Oracle reported its quarterly earnings data recently, with earnings per share slightly missing the consensus estimate. The company’s revenue for the quarter also fell slightly below expectations. Analysts predict Oracle to post a specific earnings per share for the current year.
The company announced a quarterly dividend to be paid to investors in July, with specific details on the dividend amount and yield. Oracle offers various products and services for enterprise IT environments globally, including cloud software applications like Oracle Fusion cloud ERP and Oracle Fusion cloud supply chain management.
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https://www.defenseworld.net/2024/07/07/oracle-co-nyseorcl-receives-consensus-recommendation-of-moderate-buy-from-brokerages.html