TipRanksStock Market NewsORCL NewsOracle (ORCL) Receives a Buy from Monness

Oracle (ORCL) Receives a Buy from Monness

Monness analyst Brian White maintained a Buy rating on Oracle (ORCLResearch Report) today and set a price target of $126.00. The company’s shares closed last Monday at $74.32.

According to TipRanks.com, White is a 5-star analyst with an average return of 15.6% and a 60.0% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Meta Platforms.

Currently, the analyst consensus on Oracle is a Moderate Buy with an average price target of $103.80.

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The company has a one-year high of $106.34 and a one-year low of $65.43. Currently, Oracle has an average volume of 9.79M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2021, Naomi Seligman, a Director at ORCL sold 30,000 shares for a total of $2,677,800.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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