Barclays Stays Bullish on Oracle; Expects In-Line Q1, Potential Q2 Upside (ORCL)

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Enterprise software giant Oracle Corporation ( ORCL ) on Tuesday received some continued positive commentary from analysts at Barclays Capital.

The firm reiterated its "Overweight" rating and $37 price target on ORCL, which suggests a nearly 15% upside to the stock's Monday closing price of $32.31.

Barclays noted it believes Oracle's first quarter earnings will be in-line with Wall Street expectations (the company's report is due Sept. 20). However, Q2 and beyond could provide some upside surprise to earnings estimates. Still, the firm warns against chasing the stock following its recent rally.

Oracle shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of Oracle Corporation ( ORCL ) have a .74% dividend yield, based on last night's closing stock price of $32.31. The stock has technical support in the $29-$30 price area. If the shares can firm up, we see overhead resistance around the $34-$36 price levels.

Oracle Corporation ( ORCL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: ORCL

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