AI-Summary – News For Tomorrow
KeyBanc analyst Jackson Ader reaffirmed a Buy rating on Oracle (ORCL), setting a price target of $350, significantly above yesterday’s closing price of $313. Ader, a 4-star analyst, focuses on the technology sector and boasts a 5.6% average return. Jefferies also issued a Buy rating on Oracle today, contrasting with Monness’s Hold rating from October 9th. Oracle’s recent earnings report showed increased revenue to $14.93 billion compared to $13.31 billion last year, with a steady net profit of $2.93 billion. However, corporate insider sentiment is negative, indicated by increased selling activity, including Director Naomi Seligman selling shares last month.
News summary provided by Gemini AI.
KeyBanc analyst Jackson Ader maintained a Buy rating on Oracle today and set a price target of $350.00. The company’s shares closed yesterday at $313.00.
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According to TipRanks, Ader is a 4-star analyst with an average return of 5.6% and a 48.00% success rate. Ader covers the Technology sector, focusing on stocks such as Oracle, Monday.com, and Microsoft.
In addition to KeyBanc, Oracle also received a Buy from Jefferies’s Brent Thill in a report issued today. However, on October 9, Monness maintained a Hold rating on Oracle (NYSE: ORCL).
Based on Oracle’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $14.93 billion and a net profit of $2.93 billion. In comparison, last year the company earned a revenue of $13.31 billion and had a net profit of $2.93 billion
Based on the recent corporate insider activity of 64 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. Last month, Naomi Seligman, a Director at ORCL sold 2,222.00 shares for a total of $641,958.02.
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