Why Oracle Stock Blasted Higher on Tuesday
An analyst's recommendation upgrade was the motor that drove (NYSE: ORCL) stock higher on Tuesday. Shares of the veteran database software specialist and cloud services provider closed the day a bit over 2% in the black, contrasting favorably with the 0.4% decline of the S 500 index.
Barclays prognosticator Raimo Lenschow is now officially an Oracle bull. Before market open on Tuesday he upped his recommendation on the tech stock to overweight (read: buy); previously he had tagged it as equal weight (hold). Accompanying this was a price target rise, to $150 per share from the preceding $126.
Like other analysts, Lenschow feels there is quite a bit of potential in Oracle's relatively recent next-generation services.
Source Fool.com
Oracle Corp. Aktie
118,44 €
5,15 %
Die Aktie ist durchaus ein Favorit unsere Community mit 96 Buy-Einschätzungen und 1 Sell-Einschätzungen.
Das Kursziel von 260 €, festgelegt von der Community für Oracle Corp., zeigt ein Potenzial von 119.52%, was einer Verdopplung des aktuellen Kurses entspricht.
