Followers | 680 |
Posts | 141228 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Wednesday, June 16, 2021 11:05:36 AM
By: TheStreet | June 16, 2021
• Oracle topped estimates and growth is there, but Wall Street's analysts are concerned about the software giant's valuation.
Shares of Oracle (ORCL) dropped on Wednesday as analysts noted the database-software giant's growth but were concerned about the stock's valuation.
The Austin company on Tuesday after the closing bell reported stronger-than-expected results for the fiscal fourth quarter ended May 31.
Analysts at Citi remained neutral with an $80 price target. The quarter featured "accelerating back-office cloud application growth and stable infrastructure performance," they said. But the biggest drivers of revenue upside were from lower-quality factors." The fourth quarter showed "growth, but a less reasonable price."
Oppenheimer maintained the stock at market perform. Oracle's outlook calls for faster growth but that growth will require higher capital spending. The shares "have priced in an acceleration of growth, but not necessarily the corresponding investments," the investment firm said.
Jefferies analysts maintained a hold rating while raising their price target to $80 from $75. The results were encouraging, but the investment firm doesn't see the stock being able to sustain its rally on low-single-digit growth.
Morgan Stanley maintained an equal-weight rating and $77 price target. Momentum in back-office apps is still strong and bookings growth has increased. The firm says investors will need to see further evidence of accelerating growth before bidding the stock higher.
Analysts at Piper Sander maintained a neutral rating while raising their price target to $80 from $57.
Shares of Oracle at last check dropped 5.7% to $76.98.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent ORCL News
- Oracle Increases Research and Development Investments in Morocco • PR Newswire (US) • 05/09/2024 07:29:00 PM
- Oracle Named a Leader in Utilities CIS and Billing IDC MarketScape • PR Newswire (US) • 05/09/2024 12:00:00 PM
- Oracle Introduces New AI-Powered Skills Solution to Help Organizations Drive Employee and Business Growth • PR Newswire (US) • 05/08/2024 12:00:00 PM
- Oracle Named a Leader in 2024 Gartner® Magic Quadrant™ for Supply Chain Planning Solutions • PR Newswire (US) • 05/07/2024 12:00:00 PM
- Oracle Code Assist Can Help Developers Build Applications Faster with AI • PR Newswire (US) • 05/07/2024 12:00:00 PM
- Red Hat OpenShift Generally Available on Oracle Cloud Infrastructure • Business Wire • 05/06/2024 03:00:00 PM
- Accenture and Oracle Collaborate to Help Clients Accelerate Generative AI Adoption, Starting with the Finance Organization • Business Wire • 05/06/2024 11:59:00 AM
- Oracle Database 23ai Brings the Power of AI to Enterprise Data and Applications • PR Newswire (US) • 05/02/2024 03:00:00 PM
- Oracle and TIM Collaborate to Accelerate Cloud Adoption in Italy • PR Newswire (US) • 05/02/2024 12:51:00 PM
- Oracle Advances Global RTSM Capabilities to Help Sponsors • PR Newswire (US) • 05/01/2024 12:58:00 PM
- Oracle Energy and Water Awards Recognize Utilities Leading in Industry Transformation and Innovation • PR Newswire (US) • 05/01/2024 12:00:00 PM
- CPS Energy to Power its Operations with Oracle Cloud • PR Newswire (US) • 04/30/2024 12:15:00 PM
- Oracle Introduces New AI Capabilities to Help Organizations Boost Sales • PR Newswire (US) • 04/25/2024 01:48:00 PM
- Oracle U.S. Government Cloud Customers Accelerate Sovereign AI with NVIDIA AI Enterprise • PR Newswire (US) • 04/25/2024 12:00:00 PM
- Oracle Helps Federal Agencies Optimize Finance in the Cloud • PR Newswire (US) • 04/25/2024 12:00:00 PM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- Oracle Protects Healthcare Customers Against Cyberattacks • PR Newswire (US) • 04/23/2024 08:15:00 PM
- Major Global Businesses Adopt Oracle Database@Azure Worldwide • PR Newswire (US) • 04/23/2024 12:00:00 PM
- Oracle Helps Healthcare Organizations Solve Critical Supply Chain, HR, and Finance Challenges • PR Newswire (US) • 04/23/2024 12:00:00 PM
- Auxilio Mutuo Hospital Selects Oracle Health's EHR to Improve Patient Experience • PR Newswire (US) • 04/22/2024 12:15:00 PM
- Oracle Cloud Service Enables Banks to Manage Climate Change Risk Across Portfolios • PR Newswire (US) • 04/22/2024 12:00:00 PM
- Oracle Cloud Secret Impact Level 6 Regions for U.S. Department of Defense • PR Newswire (US) • 04/22/2024 12:00:00 PM
- Oracle and Reka Collaborate to Advance AI Innovation • PR Newswire (US) • 04/18/2024 12:00:00 PM
- Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News • IH Market News • 04/18/2024 11:11:52 AM
- Oracle to Invest More Than $8 Billion in Cloud Computing and AI in Japan • PR Newswire (US) • 04/18/2024 01:00:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM