2 days ago
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.
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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.
