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How Wall Street Analysts View Oracle Stock

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Dec. 4 2020, Updated 10:42 a.m. ET

Analysts’ views on Oracle stock

Earlier in this series, we discussed Oracle’s (ORCL) technical indicators and its value proposition in the software space. Let’s take a look at the Wall Street analysts’ view of Oracle and its metrics.

Of the 34 analyst recommendations for Oracle’s stock, only one was a “sell” recommendation. Close to 74% were “buy” recommendations, and the remainder were “hold” recommendations, as the chart below shows. Analysts’ recommendations for Oracle are improving, driven by its cloud offerings’ increased traction, contribution to overall revenues, and its initiatives to move ahead in the cloud space.

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Oracle’s stock price performance

Oracle’s stock price movement over the past month has been negative. Earlier this month, Oracle stock continued its upward journey, which was largely fueled by the expectations of analysts from its fiscal 1Q18 results. Although Oracle exceeded analysts’ expectations, its guidance for the current quarter failed to meet analysts’ consensus. As a result, Oracle’s stock rise slowed to a halt.

On September 19, 2017, the company’s stock fell ~8.5%. However, in the past year, Oracle stock grew more than 24%, returning double-digit value to its shareholders.

Earlier in this series, we discussed the factors that impacted Oracle stock, which can also determine its journey in the remaining part of this year.

Analyst target prices

The Wall Street consensus target price for Oracle was $56.60 per share on September 19, 2017. The median target price was $57.00. Oracle’s closing price was $48.33 that day.

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