Key Takeaways:
- Oracle's share price target lifted to $250 by Guggenheim, retaining a 'Buy' rating.
- Current analyst consensus suggests an 'Outperform' status with room for growth.
- GuruFocus warns of a possible 28.63% downside from Oracle's current trading price based on GF Value estimates.
Oracle (ORCL, Financial) has caught the attention of investors this morning, as shares surged in premarket trading. This momentum follows a strategic price target increase by Guggenheim, elevating it from $220 to $250 while keeping their 'Buy' stance intact. The revised outlook comes in the wake of Oracle's solid quarterly performance and encouraging revenue projections which suggest substantial growth in upcoming fiscal periods.
Wall Street Analysts Forecast
Oracle Corp (ORCL, Financial) has been under the radar of 31 prominent analysts who predict a one-year price target averaging $211.72. While the forecast reaches a peak at $250.00, the lowest estimate stands at $165.00. This forecasted average indicates a potential upside of 1.70% from the current market price of $208.18. For a more comprehensive analysis, visit the Oracle Corp (ORCL) Forecast page.
Currently, 41 brokerage firms have weighed in, presenting Oracle with an average recommendation rate of 2.1—categorically ranking it as an "Outperform." This metric uses a scale where 1 indicates a Strong Buy and 5 signifies a Sell, reflecting the general sentiment of prospective growth.
GuruFocus Valuation Insights
Incorporating GuruFocus's valuation insights, Oracle Corp (ORCL, Financial) is projected to hold a GF Value of $148.58 within the next year. This valuation anticipates a possible downside of 28.63% from its current trading price of $208.18. The GF Value is a proprietary estimate of what the stock should trade at, grounded in its historical trading multiples, past growth trends, and future business performance forecasts. For additional insights, explore the Oracle Corp (ORCL) Summary page.
