Analysts Offer Insights on Technology Companies: Oracle Corp (NYSE: ORCL) and Jabil Circuit (NYSE: JBL)

By Austin Angelo

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Oracle Corp (NYSE: ORCL) and Jabil Circuit (NYSE: JBL).

Oracle Corp (NYSE: ORCL)

In a report released today, Steven Koenig from Wedbush reiterated a Hold rating on Oracle Corp (NYSE: ORCL), with a price target of $43. The company’s shares closed yesterday at $43.05, close to its 52-week high of $43.26.

According to TipRanks.com, Koenig is a 4-star analyst with an average return of 8.7% and a 59.1% success rate. Koenig covers the Technology sector, focusing on stocks such as Progress Software Corp, Ultimate Software, and Informatica Corp.

Currently, the analyst consensus on Oracle Corp is Moderate Buy and the average price target is $46.64, representing an 8.3% upside.

In a report released today, JMP Securities also upgraded the stock to Hold.
Jabil Circuit (NYSE: JBL)

Jabil Circuit (NYSE: JBL) received a Buy rating and a $30 price target from Needham analyst Sean Hannan today. The company’s shares closed yesterday at $26.98, close to its 52-week high of $27.

According to TipRanks.com, Hannan is a 4-star analyst with an average return of 7.0% and a 56.8% success rate. Hannan covers the Technology sector, focusing on stocks such as Benchmark Electronics, Esco Technologies Inc, and Park Electrochemical.

Jabil Circuit has an analyst consensus of Moderate Buy, with a price target consensus of $28.50.

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