Stocks of Oracle Corp. (NYSE:ORCL) traded higher last session on Wall Street, up 1.72% to $103.40.
According to the data, Oracle Corp. (NYSE:ORCL) has 34 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $92.60, we find $135.00. Given the previous closing price of $101.65, this indicates a potential upside of 32.81 percent. ORCL stock price is now -7.23% away from the 50-day moving average and -0.01% away from the 200-day moving average. The market capitalization of the company currently stands at $283.25B.
A total of 16 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $129.21 as their price target over the next twelve months.
With the price target enhanced from $131 to $135, Evercore ISI Upgraded its rating from In-line to Outperform for Oracle Corp. (NYSE: ORCL).
In other news, Smith Maria, EVP, Chief Accounting Officer sold 3,680 shares of the company’s stock on Jul 07. The stock was sold for $423,200 at an average price of $115.00. Upon completion of the transaction, the EVP, Chief Accounting Officer now directly owns 16,600 shares in the company, valued at $1.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 05, EVP, Chief Accounting Officer Smith Maria sold 1,320 shares of the business’s stock. A total of $154,150 was realized by selling the stock at an average price of $116.78. This leaves the insider owning 20,280 shares of the company worth $2.1 million. Insiders disposed of 13,503,149 shares of company stock worth roughly $1.4 billion over the past 1 year. A total of 42.07% of the company’s stock is owned by insiders.
Tuesday’s opening bell rang with an opening price of $102.00 for Oracle Corp. (NYSE: ORCL). During the past 12 months, Oracle Corp. has had a low of $74.05 and a high of $127.54. As of last week, the company has a debt-to-equity ratio of 37.53, a current ratio of 0.87, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $360.11B, which is based on a 30.76 price-to-earnings ratio, a 2.84 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for ORCL is $111.19 and a two-hundred day moving average price translates $103.48 for the stock.
The latest earnings results from Oracle Corp. (NYSE: ORCL) was released for Aug, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.12, beating analysts’ expectations of $1.08 by 0.04. This compares to $0.56 EPS in the same period last year. The company reported revenue of $12.45 billion for the quarter, compared to $11.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.81 percent. For the current quarter, analysts expect ORCL to generate $12.31B in revenue.
