BMO Capital reported that they have upgraded software giant, Oracle Corporation(ORCL).
The firm has increased their rating for ORCL from “Market Perform” to “Outperform,” and has given the company a $43 price target. This price target suggests a 17% increase from the stock’s current price of $35.51.
Analysts have upgraded the stock due to an improved sales growth.
Oracle shares were up 30 cents, or 0.84% during premarket trading Friday. The stock has increased 25% in the past year.
The Bottom Line
Shares of Oracle Corporation(ORCL) have a 0.68% yield, based on Thursday’s closing price of $35.51.
Oracle Corporation(ORCL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.