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How Do Analysts See Oracle’s Stock Prior to the Fiscal 2Q17 Results?

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Dec. 14 2016, Updated 11:05 a.m. ET

Analysts’ views on Oracle stock

In the systems software space, Oracle’s (ORCL) peers include Microsoft (MSFT), Red Hat (RHT), and ServiceNow (NOW). Let’s take a close look at the market views of Oracle and its metrics.

Of the 35 analyst recommendations for Oracle’s stock, only three were “sell” recommendations, while more than half were “buy,” and the remainder were “hold” recommendations. Notably, analysts’ recommendations for Oracle have not changed much since the company reported its fiscal 1Q17 results.
analysts recommendations

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Oracle’s price performance

Oracle’s stock price movement over the past month has been positive. As of December 8, 2016, the company’s stock had risen by ~3%. But in the past year, Oracle has hardly managed to return any value to its shareholders. In the past year, Oracle’s stock value has risen a mere ~0.8%.

Oracle’s falling revenue growth and flailing position in the consolidated and competitive cloud space have weighed down the stock’s upward journey. By making strategic acquisitions like Netsuite and Dyn along with new offerings cloud space, Oracle failed in its fiscal 1Q17 earnings to meet analyst expectations, which caused its stock to fall 3% after the earnings were announced.

Analyst target prices

The Wall Street consensus target price for Oracle was $44.06 per share on December 8, 2016. The median target price was $45.0. Oracle’s closing price was $39.47 that day.

According to 247wallst.com, Morgan Stanley (MS) has named Oracle one of the five top technology companies of 2016.

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