Oracle Corp (ORCL) Receives a Rating Update from a Top Analyst

KeyBanc analyst Brent Bracelin maintained a Hold rating on Oracle Corp (ORCLResearch Report) yesterday. The company’s shares closed yesterday at $53.05, close to its 52-week high of $53.47.

Bracelin wrote:

“We see an alliance with Google as one strategic option to accelerate Oracle’s cloud presence. We’ll have to wait until to see if anything might unfold.”

According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 27.5% and a 77.9% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Oracle Corp with a $53.14 average price target, representing a 0.2% upside. In a report issued on March 11, Barclays also maintained a Hold rating on the stock with a $55 price target.

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Oracle Corp’s market cap is currently $192.7B and has a P/E ratio of 52.01. The company has a Price to Book ratio of 6.30.

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