New Buy Rating for Oracle (ORCL), the Technology Giant
In a report released today, Stefan Slowinski from Exane BNP Paribas maintained a Buy rating on Oracle (ORCL – Research Report), with a price target of $190.00. The company's shares opened today at $174.00.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Slowinski is a 3-star analyst with an average return of 5.1% and a 61.36% success rate. Slowinski covers the Technology sector, focusing on stocks such as Oracle, Workday, and Adobe.
Currently, the analyst consensus on Oracle is a Moderate Buy with an average price target of $175.96, representing a 1.13% upside. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $202.00 price target.
The company has a one-year high of $198.31 and a one-year low of $118.86. Currently, Oracle has an average volume of 10.22M.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORCL in relation to earlier this year. Last month, Naomi Seligman, a Director at ORCL sold 2,866.00 shares for a total of $428,552.98.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
GameStop, Oracle, Adobe: Earnings to Watch This Week
Asking for a Trend's Josh Lipton takes a look ahead to this week's biggest earnings releases, including video game retailer GameStop (GME), creative software developer Adobe (ADBE), and Oracle (ORCL). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
A fresh inflation reading greets a stock market back near all-time highs: What to know this week
The S&P 500 (^GSPC) is now roughly 2% from reaching a fresh all-time high. Stocks ended last week on a high note as a broad-based rally following Friday's May jobs report clinched weekly gains for all three major indexes. The Nasdaq Composite (^IXIC) rose more than 2.3%, while the S&P 500 popped about 1.6% and the Dow Jones Industrial Average (^DJI) rose above 1%. Updates on consumer and wholesale inflation for the month of May will headline the week ahead. The first reading of the University of Michigan's consumer sentiment survey for the month is also due for release at the end of the week. In corporate news, earnings from GameStop (GME), Oracle (ORCL), and Adobe (ADBE) highlight a sparse week of planned quarterly releases. Apple's (AAPL) Worldwide Developers Conference will also be in focus. On Friday, the May jobs report showed the US labor market added 139,000 jobs in the month, while the unemployment rate held flat at 4.2%. The data largely cooled fears that the US economy is rapidly deteriorating. Economists mostly said the report would prompt the Federal Reserve to hold interest rates steady when it announces its next policy decision on June 18. Still, some economists continue to highlight cracks emerging underneath the surface. Renaissance Macro head of economics Neil Dutta noted that Friday's report contained significant downward revisions to the prior month's payroll additions, a falling employment rate for workers aged 25 to 54, and an increasing unemployment rate on the margin. Unrounded, the unemployment rate increased to 4.244% in May from 4.187% in April. "The Fed and the markets appear to be looking at labor market conditions at a surface level while ignoring some obvious signs of weakness under the surface," Dutta wrote. "The pressure will keep building the longer the Fed waits." The CEO of one of the world's largest companies and President Trump are full-on feuding. After days of Tesla (TSLA) CEO Elon Musk bashing Trump's tax bill, the president responded in scathing fashion on Thursday. Trump wrote in a Truth Social post that the easiest way to save money in the budget is to "terminate Elon's Governmental Subsidies and Contracts." He added in a separate post, "Elon was 'wearing thin,' I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!' The spat drove Tesla stock down more than 14% in its worst single-day market cap loss in history. The decline helped drag down both the S&P 500 and Nasdaq on Thursday. On Friday, Tesla stock rallied modestly, rising almost 4%. But investors shouldn't consider the fallout to be over. "As a shareholder, [this] couldn't be worse for Elon and his properties and his investments and the future that he has because Trump's got another three and a half years," Ross Gerber, president and CEO of Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. "Elon, in his ego and sort of weird haze of reality, actually thinks he's more powerful than Trump. This is now a showdown." After several encouraging prints in a row, the May Consumer Price Index (CPI) is expected to show price increases accelerated amid tariff uncertainty. Wall Street economists expect headline inflation rose 2.5% annually in May, an increase from the 2.3% seen in April. April's report had shown the slowest annual price increase since February 2021. On a "core" basis, which strips out food and energy prices, CPI is expected to have risen 2.9% over the last year in May, up from the 2.8% increase seen in April. Monthly core price increases are expected to clock in at 0.3%, above the 0.2% seen the month prior. "Tariffs should have a clearer impact on goods, but seasonal factors on autos and modest services will keep a lid on core [price increases]," Bank of America US economist Stephen Juneau wrote in a note to clients. In April, negative tariff headlines regularly rattled markets. Lately, that's been the case to a lesser degree. This was on display Wednesday, when stocks managed to close higher despite an escalation of trade tensions. Barclays head of US equity strategy Venu Krishna told Yahoo Finance that the recent market action has been a part of the "broad realization" that the extreme levels of tariffs can't be taken at face value. Krishna and other strategists have also pointed out that the peak level of tariff uncertainty, which came when Trump increased the effective US tariff rate to its highest level in more than a decade on April 2, has already passed. Morgan Stanley chief investment officer Mike Wilson showed this by looking at how market volatility, as measured by the CBOE Volatility Index, or VIX, has moved lower in tandem with Bloomberg's US Trade Policy Uncertainty Index, which analyzes news articles for mentions of trade policy and uncertainty. "The bottom line is that while uncertainty remains high around the eventual tariff outcome, the rate of change on policy headwinds has become much less onerous." Wilson wrote. "This has reduced recession risk and is giving corporates and consumers more confidence in the forward looking outlook." Economic data: New York Fed one-year inflation expectations, May (3.63% previously); Wholesale trade sales month-over-month, April (+0.3% expected, +0.6% prior) Earnings: Casey's (CASY) Economic data: NFIB small business optimism, May (95.9 expected, 95.8 prior) Earnings: Academy Sports and Outdoors (ASO), Dave & Buster's (PLAY), GameStop (GME), The J.M. Smucker Company (SJM), Stitch Fix (SFIX) Wednesday Economic data: Consumer Price Index, month over month, May (+0.2% expected, +0.2% previously); Core CPI, month over month, May (+0.3% expected, +0.2% previously); CPI, year over year, May (+2.5% expected, +2.3% previously); Core CPI, year over year, May (+2.9% expected, +2.8% previously); Real average hourly earnings, year over year, May (+1.4% previously); MBA Mortgage Applications, week ending June 6 (-3.9% previously) Earnings: Chewy (CHWY), Oracle (ORCL), Vera Bradley (VRA), Victoria's Secret (VSCO) Economic data: Producer Price Index, month-over-month, May (+0.3% expected, -0.5% previously); PPI, year over year, May (+2.4%); Core PPI month-over-month, May (+0.4% expected, -0.4% prior); Core PPI year-over-year, May (+3.1%); Initial jobless claims, week ending June 7 (247,000 previously); Continuing claims, week ending May 31 (1.904 million prior) Earnings: Adobe (ADBE), Lovesac (LOVE), RH (RH) Economic data: University of Michigan Consumer Sentiment, June preliminary (52 expected, 52.2 prior) Earnings: No notable earnings releases. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. Sign in to access your portfolio
CNBC
3 hours ago
- CNBC
Top Wall Street analysts believe in the potential of these stocks despite macro woes
Macro uncertainty is keeping the market volatile, but investors ought to keep their focus on stocks that can provide compelling long-term returns. Top Wall Street analysts' recommendations can help inform investors as they pick the right stocks that can weather short-term pressures with solid execution and generate impressive returns over the long term. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Semiconductor giant Nvidia (NVDA) is this week's first stock pick. The company reported market-beating results for the first quarter of fiscal 2026. Despite chip export restrictions, Nvidia remains confident about the demand for its artificial intelligence infrastructure. Following the Q1 print, JPMorgan analyst Harlan Sur reiterated a buy rating on Nvidia stock with a price target of $170. The analyst noted that the company delivered solid revenue despite lost sales related to the H20 chip export restrictions on shipments to China. However, NVDA's margins and EPS were hit by the $4.5 billion write-down related to H20 inventory write-downs. Excluding H20 shipments, Sur projects that the July quarter data center revenue is growing at about 16% quarter over quarter, driven by continued robust spending by customers on their AI/accelerated compute projects and persistent strength in production and deployment ramp of Nvidia's Blackwell platform. The analyst added that the demand for Nvidia's Blackwell platform is very strong and is expected to continue to surpass supply for many quarters. Sur believes that management has good visibility for solid growth through calendar year 2026, backed by recent mega data center deals (including those with UAE, Saudi Arabia, and Taiwan) and the end of the diffusion rule. Overall, Sur concluded that Nvidia is staying ahead of competitors with its silicon, hardware and software platforms and an impressive ecosystem, "further distancing itself with its aggressive cadence of new product launches and more product segmentation over time." Sur ranks No. 38 among more than 9,600 analysts tracked by TipRanks. His ratings have been profitable 66% of the time, delivering an average return of 23.4%. See Nvidia Ownership Structure on TipRanks. We move to cybersecurity company Zscaler (ZS). The company's results for the fiscal third quarter surpassed expectations, fueled by the demand for its Zero Trust Exchange platform and the growing need for AI security. In reaction to the upbeat results, JPMorgan analyst Brian Essex reaffirmed a buy rating on Zscaler stock and boosted the price target to $292 from $275, saying, "We are encouraged by the strength in the quarter, particularly when off-calendar peers seemed to struggle with macro headwinds a bit more than expected." The analyst noted that Zscaler raised its full-year outlook for revenue, profitability and billings. He explained that the company's performance was backed by encouraging contributions from emerging products like Zero Trust Everywhere, Data Security Everywhere and Agentic Operations. In fact, these emerging products are approaching $1 billion in annual recurring revenue (ARR). Essex noted that large customer momentum continued to be solid in Q3 FY25, with the number of customers with over $1 million of ARR increasing 23% year over year, keeping Zscaler on track to exceed $3 billion of ARR in the fiscal fourth quarter. He emphasized that macro commentary was better than anticipated, as management stated that the company didn't witness a "softer April," though IT budgets remain tight. Commenting on Zscaler's Red Canary acquisition, Essex views this deal as encouraging, given that it is expected to enable the company to leverage the IP (intellectual property) and threat intel capabilities of Red Canary. Essex ranks No. 652 among more than 9,600 analysts tracked by TipRanks. His ratings have been successful 58% of the time, delivering an average return of 12.6%. See Zscaler Hedge Fund Trading Activity on TipRanks. Customer relationship management software provider Salesforce (CRM) recently reported better-than-projected revenue and earnings for the first quarter of fiscal 2026 and raised its full-year forecast. The company also announced the acquisition of data management company Informatica for $8 billion. Following the results, TD Cowen analyst Derrick Wood reiterated a buy rating on CRM stock with a price target of $375. Wood noted that the company's Q1 FY26 revenue and current remaining performance obligations surpassed expectations. "We think its renewed focus on accelerating sales capacity growth is a strong demand signal & should unlock higher growth next year," said Wood. The analyst highlighted that AI adoption is ramping for Salesforce, with Data Cloud and AI ARR rising more than 120% year over year and reflecting strong early traction for the company's Agentforce offering. Wood noted that 30% of net new Agentforce bookings came from existing customers expanding their usage. The analyst stated he is encouraged by the scale and velocity of Data Cloud, which he considers to be a leading indicator of Agentforce adoption as customers gear up to power agentic workflows. Wood contends that with margins now in the mid-30% range, Salesforce is focusing more on growth by re-deploying AI cost savings. Notably, the company is increasing its workforce more aggressively, following a flat sales headcount in the last two to three years. The analyst sees this as a signal of positive demand, with management indicating that pipelines are growing by the double-digits. Wood ranks No. 176 among more than 9,600 analysts tracked by TipRanks. His ratings have been profitable 62% of the time, delivering an average return of 14.8%. See Salesforce Technical Analysis on TipRanks.
