Oracle price target raised to $44 from $36 at Pacific Crest Pacific Crest increased its target on Oracle as the firm expects the company's hardware business to rebound in 2013. The firm thinks that the company faces less competition than its large cap peers and it maintains an Outperform rating on the shares.
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Oracle to benefit over longer term from shift to cloud, says Pacific Crest Pacific Crest believes that the shift to Oracle's cloud products may result in a drop in the company's maintenance revenue initially. The firm thinks the company will ultimately collect more revenue from its customers, although the margins may decline. Pacific Crest thinks that Oracle is "making solid progress" in the cloud and Big Data. It views the stock's valuation as compelling and keeps an Outperform rating on the shares.