What is the Price Targets for Oracle Corporation (ORCL)?

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Oracle Corporation (NYSE:ORCL) saw an upside of 1.97% to close Monday at $88.97 after adding $1.72 on the day. The 5-day average trading volume is 6,300,540 shares of the company’s common stock. It has gained $89.44 in the past week and touched a new high 1 time within the past 5 days. An average of 6,350,300 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,387,736.

ORCL’s 1-month performance is 9.92% or $8.12 on its low of $80.19 reached on 12/28/22. The company’s shares have touched a 52-week low of $60.78 and high of $89.47, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, ORCL has achieved 8.85% or $7.23 and has reached a new high 8 times. However, the current price is down -0.55% from the 52-week high price.


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Insider Transactions

ORCL stock investors last saw insider trading activity on Dec 14.HENLEY JEFFREY (Vice Chairman) most recently sold 400,000 shares at $82.00 per share on Dec 14. This transaction cost the insider $32,800,181. Director, BOSKIN MICHAEL J, sold 90,000 shares at a price of $80.08 on Nov 15. Then, on Oct 27, Chief Corporate Architect Screven Edward sold 200,000 shares at a price of $74.90 per share. This transaction amounted to $14,979,200.

Valuation Metrics

ORCL stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.13 while the price to cash flow ratio at 47.61.

Oracle Corporation’s quick ratio for the period ended August 30 was 0.60, with the current ratio over the same period at 0.60. In terms of profitability, the gross margin trailing 12 months is 76.10%. The firm’s gross profit as reported stood at $33.56 billion against revenue of $42.44 billion.

Earnings Surprise

For the quarterly period ending August 30 this year, Oracle Corporation’s cash and short-term investments amounted to $537.0 million against total debt of $91.58 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 171.63% to $1.74 billion, while revenue of $1.55 billion was 11.09% off the previous quarter. Analysts expected ORCL to announce $1.07 per share in earnings in its latest quarter, but it posted $1.03, representing a -3.70% surprise. EBITDA for the quarter stood at more than $4.57 billion. ORCL stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 132.25 billion, with total debt at $91.58 billion. Shareholders hold equity totaling $2.7 billion.

Let’s look briefly at Oracle Corporation (ORCL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 68.13% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.68%.

The stock’s 5-day moving average is $87.49, reflecting a -0.26% or -$0.23 change from its current price. ORCL is currently trading +9.17% above its 20-day SMA, +19.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.62% and SMA200 by+7.27%.

Stochastic %K and %D was 75.81% and 72.53% and the average true range (ATR) pointed at 1.75. The RSI (14) points at 67.08%, while the 14-day stochastic is at 93.11% with the period’s ATR at 1.75. The stock’s 9-day MACD Oscillator is pointing at -0.45 and 0.59 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Oracle Corporation (NYSE: ORCL), DA Davidson launched coverage with a Neutral rating. Analysts offering their rating for ORCL stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ORCL as a “sell,”, while 17 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 have offered a “buy” rating.

What is ORCL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $72.00 and a high of $120.00, with their median price target at $95.00. Looking at these predictions, the average price target given by analysts is for Oracle Corporation (ORCL) stock is $94.13.

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