In recent developments, TD Cowen analyst Derrick Wood has updated his assessment of Oracle (ORCL, Financial), maintaining a 'Buy' rating on the stock. The analyst has increased the price target from $250.00 to $275.00, representing a 10% increase. This adjustment reflects sustained positive expectations for Oracle's market performance.
The new price target for Oracle (ORCL, Financial) is set at $275.00, up from the previous target of $250.00. Both the previous and the new price targets are designated in USD. This notable increase underscores continued confidence in Oracle's business operations and strategic direction.
Oracle (ORCL, Financial) remains a focal point for investors and analysts, particularly following this updated price target from TD Cowen. As the stock market evolves, Oracle's financial strategies and market positioning continue to be closely monitored by market stakeholders.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for Oracle Corp (ORCL, Financial) is $218.48 with a high estimate of $250.00 and a low estimate of $175.00. The average target implies an downside of 6.34% from the current price of $233.27. 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 $152.01, suggesting a downside of 34.84% from the current price of $233.27. 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.
