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Oracle’s Price Target Cut at UBS (ORCL)

Enterprise software giant Oracle Corporation ( ORCL ) on Wednesday saw its price target lowered by analysts at UBS.

The firm said it now sees ORCL shares reaching $37, suggesting a still-massive 40% upside to the stock's Tuesday closing price of $26.49.

UBS maintained its "Buy" rating on ORCL, however, despite anticipating further macroeconomic uncertainty.

Oracle shares rose 37 cents, or +1.4%, in premarket trading Wednesday.

The Bottom Line

Shares of Oracle ( ORCL ) have a .91% dividend yield, based on last night's closing stock price of $26.49. The stock has technical support in the $24 price area. If the shares can firm up, we see overhead resistance around the $28-$30 price levels.

Oracle Corporation ( ORCL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 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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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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