Keith Weiss, an analyst from Morgan Stanley, maintained the Hold rating on Oracle (ORCL – Research Report). The associated price target was raised to $175.00.
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Keith Weiss’s rating is based on a combination of factors influencing Oracle’s current market position. Despite Oracle’s shares slightly outperforming large-cap software peers over the last three months, there is a notable investor uncertainty regarding the revenue potential and timing related to Oracle’s Stargate initiative. This uncertainty has resulted in a lighter investor positioning compared to previous quarters, although there remains a generally positive sentiment.
Furthermore, while there is potential for Oracle Cloud Infrastructure (OCI) bookings to exceed expectations, the near-term revenue visibility remains low, particularly with the delayed activation of the Abilene data center. This has led to cautious optimism about Oracle’s ability to meet its fiscal year 2029 targets. Consequently, Keith Weiss has opted for a Hold rating, reflecting a balanced view of Oracle’s potential upside against the backdrop of current uncertainties.
Based on the recent corporate insider activity of 51 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.