FBR Capital Maintains “Outperform” on Oracle (ORCL)

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Analysts at FBR Capital Markets on Friday backed their positive view of enterprise software giant Oracle Corporation ( ORCL ) , following the company's annual user conference and analyst day.

The firm maintained its "Outperform" rating on ORCL, as well as its $30 price target. That target represents an expected 11% upside to the stock's Thursday closing price of $27.12.

An FBR analyst commented, "This week we attended ORCL's annual user conference and analyst day. Given that the company just reported earnings last week, there was no new financial information. We spent our time talking to customers and partners to help assess the company's product strategy. Overall we came away feeling that ORCL's integrated systems approach and upcoming Fusion applications will help the company take market share from its most formidable competitors such as SAP AP ( SAP ) and IBM ( IBM ) ."


Oracle shares rose 18 cents, or +0.7%, in premarket trading Friday.

The Bottom Line
We had removed shares of ORCL from our recommended list back on May 4, when the stock was trading at $26.01. Shares of ORCL have a .74% dividend yield, based on last night's closing stock price of $27.12. The stock has technical support in the $23-$24 price area. If the shares can firm up, we see overhead resistance around the $27-$29 price levels. We would remain on the sidelines for now.

Oracle Corporation ( ORCL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: IBM , ORCL , SAP

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