In a recent update, Oracle (ORCL, Financial) received a revised price target from Citigroup analyst Tyler Radke. The price target has been increased from $186.00 to $196.00, representing a 5.38% adjustment. This adjustment comes as the analyst maintains a neutral rating on the stock.
The update from Citigroup reflects their ongoing analysis and monitoring of Oracle's performance. Despite the upward revision in the price target, the analyst has chosen to keep the rating at 'Neutral', indicating a steady outlook on the stock's performance in the near term.
Oracle (ORCL, Financial) continues to trade on the NYSE, with the recent adjustment potentially influencing investor sentiment and market evaluations. The company's progress and market movements will continue to be observed closely following this update from Citigroup.
For investors and market watchers, the revised price target for Oracle (ORCL, Financial) comes as a significant data point while assessing future performance expectations in the context of the broader technology sector.
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 $207.57 with a high estimate of $246.00 and a low estimate of $150.00. The average target implies an upside of 3.86% from the current price of $199.86. 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 $142.51, suggesting a downside of 28.7% from the current price of $199.86. 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.
