New Buy Rating for Oracle Corp (ORCL), the Technology Giant

By Austin Angelo

Bernstein analyst Mark Moerdler maintained a Buy rating on Oracle Corp (ORCLResearch Report) today and set a price target of $66. The company’s shares closed last Monday at $53.89.

Moerdler has an average return of 13.2% when recommending Oracle Corp.

According to TipRanks.com, Moerdler is ranked #354 out of 5553 analysts.

Currently, the analyst consensus on Oracle Corp is a Hold with an average price target of $58.94, an 8.5% upside from current levels. In a report released yesterday, Credit Suisse also reiterated a Buy rating on the stock with a $62 price target.

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The company has a one-year high of $60.50 and a one-year low of $42.40. Currently, Oracle Corp has an average volume of 13.69M.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORCL in relation to earlier this year. Most recently, in July 2019, Naomi Seligman, a Director at ORCL sold 90,000 shares for a total of $5,356,800.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.