Oracle (ORCL, Financial) has caught the attention of investors following an update from the analyst firm Stifel. Analyst Brad Reback has upgraded the stock's rating from "Hold" to "Buy", signaling increased confidence in Oracle's future performance.
Alongside the rating upgrade, Stifel has also significantly raised Oracle's price target. The new price target is set at $250.00, up from the previous $180.00. This change represents a 38.89% increase, reflecting a more optimistic outlook for Oracle's potential in the market.
This substantial adjustment in the price target and the shift in rating underscores an anticipated positive trajectory for Oracle (ORCL, Financial) as assessed by Stifel. Investors are advised to take this latest analysis into account in their trading strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for Oracle Corp (ORCL, Financial) is $217.70 with a high estimate of $250.00 and a low estimate of $170.00. The average target implies an upside of 3.55% from the current price of $210.24. More detailed estimate data can be found on the Oracle Corp (ORCL) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Oracle Corp's (ORCL, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Oracle Corp (ORCL, Financial) in one year is $149.10, suggesting a downside of 29.08% from the current price of $210.24. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Oracle Corp (ORCL) Summary page.
