BMO Capital Markets announced Oracle Corporation (NYSE:ORCL), bumping up its stock price target to $57.00 today

Just yesterday Oracle Corporation (NYSE:ORCL) traded 1.76% higher at $50.42. Oracle Corporation’s 50-day moving average is $49.78 and its 200-day moving average is $46.71. The last closing price is up 12.38% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has increased 0.04% over the same time period. 16,525,131 shares of ORCL traded hands, up from an average trading volume of 12,995,800

In a report released on 6/22/2017 BMO Capital Markets increased the stock price target of Oracle Corporation (NYSE:ORCL) from $48.00 to $57.00 reporting a possible upside of 0.13%.

Previously on 6/20/2017, Jefferies & Co reported on Oracle Corporation (NYSE:ORCL) increased the target price from $0.00 to $52.00. At the time, this indicated a possible upside of 0.13%.

Recent Performance Chart

Oracle Corporation has 52 week low of $37.62 and a 52 week high of $52.61 with a PE ratio of 23.75 and has a market capitalization of $0.

In addition to BMO Capital Markets reporting its stock price target, a total of 34 brokers have issued a research note on the company. The average stock price target is $43.91 with 7 brokers rating the stock a strong buy, 15 brokers rating the stock a buy, 14 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

Brief Synopsis On Oracle Corporation (NYSE:ORCL)

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. Its hardware business consists of two segments, including hardware products and hardware support. The Company’s services business includes the remainder of the Company’s segments. Its services business includes activities, such as consulting services, enhanced support services and education services, among others.

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