Analysts Offer Insights on Technology Companies: Oracle Corp (NYSE: ORCL) and Amdocs (NASDAQ: DOX)

By Carrie Williams

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

Oracle Corp (NYSE: ORCL)

In a report issued on September 14, Brad Reback from Stifel Nicolaus reiterated a Buy rating on Oracle Corp (NYSE: ORCL), with a price target of $53. The company’s shares closed on Friday at $48.74.

According to TipRanks.com, Reback is a 5-star analyst with an average return of 12.6% and a 66.8% success rate. Reback covers the Technology sector, focusing on stocks such as CSG Systems International, Synchronoss Technologies, and Intralinks Holdings.

Currently, the analyst consensus on Oracle Corp is Strong Buy and the average price target is $57.06, representing a 17.1% upside.

In a report issued on September 5, Credit Suisse also initiated coverage with a Buy rating on the stock with a $62 price target.
Amdocs (NASDAQ: DOX)

In a report issued on September 14, Tom Roderick from Stifel Nicolaus reiterated a Buy rating on Amdocs (NASDAQ: DOX), with a price target of $72. The company’s shares closed on Friday at $62.49.

According to TipRanks.com, Roderick is a 4-star analyst with an average return of 9.3% and a 59.5% success rate. Roderick covers the Technology sector, focusing on stocks such as CSG Systems International, Synchronoss Technologies, and Nuance Communications.

Currently, the analyst consensus on Amdocs is Moderate Buy and the average price target is $69, representing a 10.4% upside.

In a report issued on September 5, Oppenheimer also reiterated a Buy rating on the stock with a $70 price target.

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