Oracle Corporation (ORCL)

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Oracle (NYSE:ORCL) Receives New Coverage from Analysts at Wolfe Research
By: MarketBeat | April 22, 2021

Equities researchers at Wolfe Research started coverage on shares of Oracle (NYSE:ORCL) in a report issued on Thursday, The Fly reports. The brokerage set a "market perform" rating on the enterprise software provider's stock.

Several other brokerages also recently issued reports on ORCL. The Goldman Sachs Group began coverage on shares of Oracle in a research report on Thursday, January 21st. They set a "sell" rating and a $60.00 price objective for the company. Morgan Stanley boosted their target price on shares of Oracle from $67.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 17th. Citigroup assumed coverage on shares of Oracle in a research note on Wednesday, March 3rd. They issued a "neutral" rating and a $65.00 price objective for the company. Evercore ISI assumed coverage on shares of Oracle in a report on Monday, March 22nd. They set an "in-line" rating and a $66.00 target price on the stock. Finally, Barclays upgraded Oracle from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $66.00 to $80.00 in a research note on Thursday, March 11th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of "Hold" and a consensus price target of $71.21.

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