Oracle Corp Gets a Buy Rating from Canaccord Genuity

By Ryan Adsit

Canaccord Genuity analyst Richard Davis reiterated a Buy rating on Oracle Corp (NYSE: ORCL) yesterday and set a price target of $49. The company’s shares closed yesterday at $45.20.

According to TipRanks.com, Davis is a top 25 analyst with an average return of 24.8% and a 74.8% success rate. Davis covers the Technology sector, focusing on stocks such as Bottomline Technologies, Nuance Communications, and Ultimate Software.

Currently, the analyst consensus on Oracle Corp is Moderate Buy and the average price target is $48.89, representing an 8.2% upside.

In a report issued on May 19, Jefferies also reiterated a Buy rating on the stock with a $52 price target.

The company has a one year high of $46.99 and a one year low of $37.62. Currently, Oracle Corp has an average volume of 12.51M.

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