Oracle’s Price Target Boosted at FBR Capital (ORCL)

By
A A A
Share |

Enterprise software maker Oracle Corporation ( ORCL ) on Tuesday saw its price target boosted by analysts at FBR Capital Markets.

The firm said it maintained its "Outperform" rating on ORCL and raised its price target from $36 to $38. That new target implies a 13% upside to the stock's Friday closing price of $33.68.

An FBR analyst commented, "We believe Oracle's newly introduced optimized systems (Exadata and Exalogic) represent a major growth pillar. We think Oracle's ability to deliver a comprehensive systems stack, coupled with its incumbent status, position the company well to capture a large and untapped opportunity-one that could be as much as $10 billion annually. Based on our customer checks, we believe Exadata momentum is just building in the field."

Oracle shares fell 20 cents, or -0.6%, in premarket trading Tuesday.

The Bottom Line
Shares of Oracle ( ORCL ) have a .59% dividend yield, based on Friday's closing stock price of $33.68. The stock has technical support in the $30-$31 price area. If the shares can firm up, we see overhead resistance around the $35-$36 price levels.

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: ORCL

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

Most Active by Volume

89,970,926
  • $16.15 ▲ 0.12%
77,131,582
  • $58.94 ▼ 1.31%
67,336,935
  • $26.56 ▲ 1.68%
48,814,124
  • $86.20 ▲ 0.02%
47,526,126
  • $23.21 ▲ 0.78%
44,660,424
  • $23.91 ▲ 6.36%
38,799,699
  • $4.289 ▲ 4.36%
36,199,890
  • $40.01 ▼ 0.97%
As of 4/17/2014, 04:07 PM