Credit Suisse Believes Oracle Corp (NYSE: ORCL) Won’t Stop Here

By Ryan Adsit

In a report released today, Brad Zelnick from Credit Suisse maintained a Buy rating on Oracle Corp (ORCLResearch Report), with a price target of $60. The company’s shares opened today at $52.94, close to its 52-week high of $53.47.

According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 17.1% and a 80.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Salesforce.com, Everbridge Inc, and Symantec Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Oracle Corp with a $54.56 average price target, representing a 3.1% upside. In a report released yesterday, MUFG Securities Americas Inc also maintained a Buy rating on the stock with a $56 price target.

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Oracle Corp’s market cap is currently $192.7B and has a P/E ratio of 51.90. The company has a Price to Book ratio of 6.29.

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