Goldman Sachs Raises Oracle Target Price to $310 Amidst Mixed Ratings

Oracle (NYSE:ORCL) Receives Positive Forecasts from Analysts

Oracle Corporation (NYSE:ORCL), a leading enterprise software provider, has recently garnered increased attention from financial analysts. Several firms have issued reports with updated price targets and ratings for the company, indicating a generally positive outlook. This article summarizes recent analyst activity and key company data.

Analyst Ratings and Price Target Adjustments

The Goldman Sachs Group raised its target price for Oracle from $195.00 to $310.00, maintaining a neutral rating. Other firms have also weighed in: Cowen reiterated a "buy" rating with a $375.00 price objective, while Cantor Fitzgerald increased their price objective from $271.00 to $400.00, assigning an "overweight" rating. Morgan Stanley lifted their price target from $175.00 to $246.00, maintaining an "equal weight" rating, and Scotiabank reaffirmed an "outperform" rating. Westpark Capital raised its target price from $195.00 to $246.00, issuing a "buy" rating.

Overall, Oracle has received varied ratings. According to MarketBeat data, the average rating is "Moderate Buy" with a consensus target price of $303.44. Currently, two analysts have a "Strong Buy" rating, twenty-four have a "Buy" rating, and nine have a "Hold" rating.

Oracle's Stock Performance and Financial Metrics

On Monday, ORCL stock opened at $302.10. The company boasts a market capitalization of $858.48 billion, a P/E ratio of 69.93, a P/E/G ratio of 3.16, and a beta of 1.46. Oracle's 1-year low is $118.86, and its 1-year high is $345.72. The 50-day moving average is $246.08, while the 200-day moving average is $191.63. Key financial ratios include a current ratio of 0.62, a quick ratio of 0.62, and a debt-to-equity ratio of 3.33.

Oracle Dividend Announcement

Oracle recently announced a quarterly dividend of $0.50 per share, payable on Thursday, October 23rd, to shareholders of record on Thursday, October 9th. The ex-dividend date is also Thursday, October 9th. This translates to a $2.00 annualized dividend and a yield of 0.7%. Oracle's dividend payout ratio is currently 46.30%.

Insider Transactions

Recent insider transactions include the sale of 10,000 shares by EVP Maria Smith on Thursday, July 3rd, at an average price of $232.99, totaling $2,329,900.00. Director Naomi O. Seligman sold 3,303 shares on Wednesday, July 16th, at an average price of $233.32, amounting to $770,655.96. Over the past ninety days, insiders have sold a total of 29,183 shares, valued at $7,141,698. Currently, 42.20% of the stock is held by corporate insiders.

Institutional Ownership

Institutional investors have also adjusted their positions in Oracle. Redmont Wealth Advisors LLC initiated a new position valued at approximately $27,000 during the first quarter. Inlight Wealth Management LLC and Winnow Wealth LLC both established new stakes worth around $28,000 in the first and second quarters, respectively. Iron Horse Wealth Management LLC increased its stake by 284.9% in the first quarter. Overall, institutional investors own 42.44% of Oracle's stock.

Oracle Corporation's Business Overview

Oracle Corporation provides a comprehensive suite of products and services addressing enterprise IT needs globally. Its offerings include Oracle Fusion Cloud ERP, Oracle Fusion Cloud EPM, Oracle Fusion Cloud SCM, Oracle Fusion Cloud HCM, Oracle Cerner healthcare solutions, Oracle Advertising, and NetSuite applications. These solutions cater to various business functions, including sales, service, and marketing.