Today's Research Reports on Stocks to Watch: Oracle Corporation and NVIDIA Corporation
NEW YORK, NY / ACCESSWIRE / September 6, 2017 / Oracle Corporation saw a day of green on Tuesday after Credit Suisse initiated coverage on the stock and gave it an "outperform" rating as well as a price target 22% higher than last Friday's closing price. NVIDIA's shares closed down nearly 3% yesterday despite reports revealing that Walmart will be investing in the company's chips to build its cloud network.
RDI Initiates Coverage on:
Oracle Corporation
https://rdinvesting.com/news/?ticker=ORCL
NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA
Oracle Corporation's shares closed up higher on Tuesday with a gain of 0.61%. Credit Suisse initiated coverage on the stock and gave it an "outperform" rating as well as a price target of $62. Compared to yesterday's closing price, the firm's target is a 22% premium over it. Analyst Brad Zelnick wrote to clients that the market "under-appreciates the staying power of Oracle's technology stack and upside opportunities in the cloud." He also wrote, "While traditional financial metrics have lagged given a cloud transition, the stock is valued as if there's no tomorrow, or no other side to the transition." He also noted that "the cloud ERP opportunity is just now heating up, and ORCL is in pole position. Our field work suggests ORCL has the leading cloud product in the largest of app software categories (ERP) … and an advantage given its incumbency." He stated, "ORCL is our favorite aggregation play. We particularly like companies that can parlay dominant market positions into adjacencies to capture incremental wallet share." He cited that the company has acquired over 60 companies since 2004.
Access RDI's Oracle Corporation Research Report at:
https://rdinvesting.com/news/?ticker=ORCL
NVIDIA Corporation's shares closed down 2.67% on nearly 17.5 million shares traded on Tuesday. According to Retail Dive, behemoth retailer Walmart is investing in NVIDIA's chips in order to build out its cloud network. The company's chips are high-level graphical processing units. Analyst Trip Chowdhry of Global Equities Research believes Walmart is setting up it's own data centers which are based on the cloud and will consequently use more NVIDIA Corporation chips in the future. The analyst has predicted that in the next six months Walmart will use NVIDIA chips for its deep neural networks. "Within the next 6 months or so, Walmart is going full steam with DNN (Deep Neural Networks) and will be creating its own NVDA GPU Clusters on Walmart Cloud," wrote Chowdhry.
Access RDI's NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA
Our Actionable Research on Oracle Corporation (NYSE:ORCL) and NVIDIA Corporation (NASDAQ:NVDA) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
