In a report released today, Tyler Radke from Citigroup maintained a Hold rating on Oracle (ORCL – Research Report), with a price target of $89.00. The company’s shares closed last Tuesday at $86.39, close to its 52-week high of $91.78.
According to TipRanks.com, Radke is a 5-star analyst with an average return of 23.2% and a 68.9% success rate. Radke covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Zoom Video Communications, and Palantir Technologies.
The word on The Street in general, suggests a Hold analyst consensus rating for Oracle with a $90.44 average price target, representing a 4.9% upside. In a report issued on September 2, Barclays also maintained a Hold rating on the stock with a $85.00 price target.
The company has a one-year high of $91.78 and a one-year low of $55.14. Currently, Oracle has an average volume of 10.75M.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORCL in relation to earlier this year. Last month, Naomi Seligman, a Director at ORCL sold 35,000 shares for a total of $3,075,800.
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Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment provides hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware related software, and related hardware support. The Services segment offers consulting, advanced support, and education services. The company was founded by Lawrence Joseph Ellison, Robert Nimrod Miner and Edward A. Oates on June 16, 1977 and is headquartered in Redwood City, CA.