Analysts Are Bullish on These Technology Stocks: ORCL, JBL

By Austin Angelo

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Oracle Corp (NYSE: ORCL) and Jabil Circuit (NYSE: JBL) with bullish sentiments.

Oracle Corp (NYSE: ORCL)

UBS analyst Brent Thill reiterated a Buy rating on Oracle Corp (NYSE: ORCL) today and set a price target of $48. The company’s shares opened today at $46.39, close to its 52-week high of $46.99.

According to TipRanks.com, Thill is a top 100 analyst with an average return of 12.6% and a 70.2% success rate. Thill covers the Technology sector, focusing on stocks such as Nuance Communications, Cornerstone Ondemand, and Palo Alto Networks.

Currently, the analyst consensus on Oracle Corp is Moderate Buy and the average price target is $46.55, representing a 0.3% upside.

In a report issued on March 7, Bernstein also maintained a Buy rating on the stock with a $52 price target.
Jabil Circuit (NYSE: JBL)

In a report released today, Steven Milunovich from UBS reiterated a Buy rating on Jabil Circuit (NYSE: JBL), with a price target of $30. The company’s shares opened today at $27.03, close to its 52-week high of $27.77.

According to TipRanks.com, Milunovich is a 4-star analyst with an average return of 3.9% and a 52.4% success rate. Milunovich covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Juniper Networks, and Epam Systems Inc.

Currently, the analyst consensus on Jabil Circuit is Moderate Buy and the average price target is $29, representing a 7.3% upside.

In a report released today, Needham also upgraded the stock to Buy with a $30 price target.

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