Fri Sep 20 06:35:24 UTC 2024: ## Oracle (ORCL) Receives “Moderate Buy” Rating from Analysts, Shares Rise on Strong Earnings

**New York, NY – September 20, 2024** – Oracle Corporation (NYSE:ORCL) is receiving a positive outlook from analysts, with a consensus rating of “Moderate Buy” from the 30 brokerages currently covering the company. This comes on the heels of strong earnings results released last week, exceeding analysts’ expectations.

According to Marketbeat.com, 19 analysts have issued a “Buy” rating on ORCL, while 11 have rated it a “Hold.” The average 12-month price target among analysts is $163.88.

Several brokerages have recently adjusted their price targets and ratings for Oracle. UBS Group boosted their price target to $175.00 from $160.00, maintaining a “Buy” rating. TD Cowen also raised their price target to $180.00 from $165.00, also keeping a “Buy” rating. Stifel Nicolaus increased their target to $155.00 from $135.00, but maintained a “Hold” rating. Melius Research upgraded Oracle from a “Hold” to a “Buy” rating. Finally, Bank of America raised their price target to $175.00 from $155.00, but maintained a “Neutral” rating.

Oracle’s strong performance in the second quarter saw the company report earnings per share (EPS) of $1.39, exceeding analysts’ consensus estimates of $1.33 by $0.06. Revenue for the quarter came in at $13.31 billion, surpassing the projected $13.23 billion. This represents a 6.9% year-over-year increase.

In addition to positive analyst sentiment, Oracle has seen increased interest from institutional investors. Werlinich Asset Management LLC, RFP Financial Group LLC, Invst LLC, ERn Financial LLC, and Key Financial Inc all increased their positions in ORCL during the second quarter.

Oracle’s stock opened at $167.56 on Friday, reflecting investor optimism. The company has a market cap of $461.77 billion and recently announced a quarterly dividend of $0.40, representing a dividend yield of 0.95%.

Oracle’s strong financial performance, positive analyst sentiment, and increasing institutional interest all contribute to a positive outlook for the company.

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