Citizens JMP has reaffirmed its Outperform rating and set a $205 price target for Oracle (ORCL, Financial) as it prepares for its fourth-quarter results. The firm's industry analysis indicates a positive trend, specifically highlighting the strong performance of Oracle's NetSuite division. Despite Oracle falling short of expectations in both revenue and earnings in the past two quarters, Citizens perceives the stock as a promising long-term investment opportunity.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Oracle Corp (ORCL, Financial) is $183.18 with a high estimate of $246.00 and a low estimate of $130.00. The average target implies an upside of 3.21% from the current price of $177.48. More detailed estimate data can be found on the Oracle Corp (ORCL) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Oracle Corp's (ORCL, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Oracle Corp (ORCL, Financial) in one year is $142.43, suggesting a downside of 19.75% from the current price of $177.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Oracle Corp (ORCL) Summary page.
