Monthly Stock Report: Oracle Corporation (ORCL)
Publication Date: September 22, 2024
Company Overview
Oracle Corporation (NYSE: ORCL), established in 1977 and headquartered in Austin, Texas, stands as a leader in the global enterprise information technology landscape. As a pivotal player in the technology sector—specifically in the software infrastructure industry—Oracle specializes in a comprehensive range of cloud-based applications. Its offerings encompass enterprise resource planning (ERP), human capital management, and supply chain management, alongside fundamental infrastructure technologies like Oracle Database and MySQL Database. Serving a diverse array of clients, including enterprises, government entities, and educational institutions, Oracle has maintained a strong public presence since it became listed in 1989. With a robust total revenue of approximately $53.8 billion, Oracle continues to innovate to meet the evolving demands of the digital ecosystem.
Market Insights
Oracle’s current stock price is $168.00, trailing its potential target high of $210.00 as set by analysts, which indicates substantial upside potential for investors. The mean price target stands at $176.89, suggesting a moderate increase from current levels. This outlook underscores investor confidence in Oracle’s ability to harness emerging technology trends, promoting a “buy” recommendation with a favorable analyst score of 2.2. The company has about 2.77 billion shares outstanding, with short interest at only 1.1% of the float, reflecting limited bearish sentiment in the market. Additionally, Oracle’s fifty-day moving average of $142.37, alongside its strong recovery from the fifty-two week low of $99.26, bolsters a positive sentiment around the stock’s upward trajectory.
Growth Potential and Investor Confidence
Oracle’s demonstrated growth potential, supported by a bullish analyst outlook and robust financial metrics, positions it favorably amidst current market conditions. The wide target price range, varying from a low of $125.00 to a high of $210.00, signifies varying expectations but also illustrates overall confidence in Oracle’s sustained market presence. The company’s ability to adapt and thrive in the competitive technology sector conveys a solid foundation for continued growth, making Oracle Corporation an attractive investment option for those looking to capitalize on the advancements in enterprise technology solutions.
| Metric | Value |
|---|---|
| Market Cap | $465.5b |
| Total Debt | $84.5b |
| Total Cash | $10.9b |
| Shares Outstanding | 2.8b |
| Float Shares | 1.6b |
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