Oracle’s Target, Estimates Raised at Goldman Sachs (ORCL)

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Enterprise software giant Oracle Corporation ( ORCL ) on Monday saw its price target and earnings estimates boosted by analysts at Goldman Sachs.

The firm said it now expects ORCL shares to reach $33, which implies a 15% upside to the stock's Friday closing price of $28.81. Goldman also boosted its earnings estimates for the company through 2013, citing new products as a revenue driver. Goldman currently rates the stock as a "Buy."

Oracle shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of Oracle Corp ( ORCL ) have a .69% dividend yield, based on Friday's closing stock price of $28.81. The stock has technical support in the $26-$27 price area. If the shares can continue the recent momentum, we see overhead resistance around the $33-$35 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.

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