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ORCL

Oracle

$53.04

-0.02 (-0.04%)

20:24
03/14/19
03/14
20:24
03/14/19
20:24

Oracle price target raised to $56 at MUFG after 'solid' Q3 results

MUFG analyst Stephen Bersey kept his Overweight rating and nudged his price target on Oracle to $56 from $55 after its Q3 earnings. The analyst says the company had a "solid quarter" while continuing its "methodical transition to the cloud". Given the "longer refresh cycle" by many of Oracle's customers, Bersey contends that the company made good progress and believes that the stock should "remain a core holding given its attractive valuation, leadership position, and aggressive share repurchase program."

  • 14

    Mar

ORCL Oracle
$53.04

-0.02 (-0.04%)

03/11/19
NOMU
03/11/19
DOWNGRADE
Target $42
NOMU
Reduce
Oracle buybacks 'can't last forever,' Nomura says when double downgrading
Nomura Instinet analyst Christopher Eberle double downgraded Oracle to Reduce from Buy and cut his price target for the shares to $42 from $53. The stock closed Friday up 19c to $52.77. Oracle's buyback program has helped drive the stock to near all-time highs, but the rate of $10B in buybacks per quarter "can't last forever," Eberle tells investors in a research note. The analyst believes the company is "significantly underinvesting" in research and development compared to peers at the expense of revenue and operating income growth. Further, a reversion back to the historical average of ~$3B per quarter in buybacks over the next two years is not enough to meet consensus estimates, contends the analyst. He thinks Oracle's "financial engineering is reaching its breaking point."
03/11/19
03/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JetBlue (JBLU) downgraded to Equal Weight from Overweight at Barclays with analyst Brandon Oglenski lowering his price target for the shares to $20 from $27. 2. Nucor (NUE) downgraded to Neutral from Buy at Longbow with analyst Chris Olin saying his carbon steel market checks indicate muted demand growth for all major products, with negative momentum most apparent for plate, merchant bar and SBQ. 3. Oracle (ORCL) downgraded to Reduce from Buy at Nomura Instinet with analyst Christopher Eberle saying Oracle's buyback program has helped drive the stock to near all-time highs, but the rate of $10B in buybacks per quarter "can't last forever." 4. Greenbrier (GBX) and Trinity Industries (TRN) downgraded to Sector Weight from Overweight at KeyBanc. 5. Zumiez (ZUMZ) downgraded to Hold from Buy at Pivotal Research with analyst Mitch Kummetz saying the stock's risk/reward is no longer compelling after bouncing 40% off the mid-December lows. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/13/19
RBCM
03/13/19
NO CHANGE
Target $55
RBCM
Sector Perform
Oracle Q3 estimates likely conservative, says RBC Capital
RBC Capital analyst Ross MacMillan kept his Sector Perform rating and $55 price target on Oracle with an "upside bias" to the company's "conservative" Q3 estimates and guidance which suggest a "step-down" in its constant-currency two-year stack growth rate. The analyst cites higher support pricing starting at the beginning of 2019 and a "likely higher buyback" than he is modeling in his positive stance on Oracle, but also warns about the lack of "fundamental drivers" such as "cloud re-acceleration / inflection of gross profit growth" that would justify a more bullish view.
03/14/19
ADAM
03/14/19
NO CHANGE
Target $125
ADAM
Buy
MongoDB price target raised to $125 from $95 at Canaccord
Canaccord analyst Richard Davis raised his price target on MongoDB (MDB) shares to $125 from $95 following the company's Q4 report, stating that he believes Mongo can reach between $1.2B and $2B in revenue in five years given that it has built the largest customer footprint among about three dozen NoSQL database vendors and "scale tends to be self-reinforcing." The analyst, who contends that Mongo's "exceptionally strong growth is modest bad news" for Oracle (ORCL) and Microsoft (MSFT), keeps a Buy rating on MongoDB shares.

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BABA

Alibaba

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BAYRY

Bayer

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AAL

American Airlines

$30.60

-0.83 (-2.64%)

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$30.60

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UBER

Uber

$0.00

(0.00%)

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RDUS

Radius Health

$18.92

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IIPR

Innovative Industrial Properties

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Caterpillar

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MO

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MSFT

Microsoft

$117.05

-3.6 (-2.98%)

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GameStop

$10.57

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MSFT

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GME

GameStop

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AMD

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SNE

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GOOGL

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LYFT

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DIS

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CMCSK

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FB

Facebook

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TWTR

Twitter

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GM

General Motors

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AMD

AMD

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INTC

Intel

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MRVL

Marvell

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MCHP

Microchip

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MU

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NVDA

Nvidia

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QCOM

Qualcomm

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TXN

Texas Instruments

$109.51

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21:30
03/22/19
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General news
Breaking General news story  »

Chicago Federal Reserve…

21:15
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Breaking General news story  »

Atlanta Federal Reserve…

PLNT

Planet Fitness

$66.76

-0.825 (-1.22%)

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IRDM

Iridium

$26.40

-0.38 (-1.42%)

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  • 28

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

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$0.00

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$0.00

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SPY

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$279.37

-5.26 (-1.85%)

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IDTI

Integrated Device

$47.80

-0.04 (-0.08%)

, RNECY

Renesas

$0.00

(0.00%)

18:02
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IDTI

Integrated Device

$47.80

-0.04 (-0.08%)

RNECY

Renesas

$0.00

(0.00%)

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