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

By Staff,

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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 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 Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: ORCL

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