AllAnalyst Report
logoArgusMarch 14, 2024

Oracle Corporation: Upgrading to BUY to a target price of $145

Symbols
ORCL
Sector(s)
Technology
Rating
Current Price
$117.21
Price Target
Earnings Estimate
Summary

Oracle Corp. is one of the world's largest independent enterprise software companies, with annual revenues over $50 billion. Its software products include database, middleware, application, and cloud-based software designed for general business purposes and for specific industries. In addition, Oracle provides product upgrades, maintenance releases, and patches through license update agreements, as well as extensive product support. Oracle also provides server hardware. It expanded

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Analyst Profile

Joseph F. Bonner, CFA

Senior Analyst: Communication Services & Technology
Joe covers the Communication Services sector and selected software technology stocks for Argus. In 2010, he was named #5 Stock Picker for Telecom Services in the Wall Street Journal's Best on the Street Analyst Survey. In 2008, Joe was named #1 Stock Picker for Media: U.S. by the Financial Times and was second in the Wall Street Journal's Best on the Street Analyst Survey for Telecommunications: Fixed Line. For more than a decade, Joe worked with Technicolor Inc., where he focused on financial and legal issues. He received his Masters in Business Administration from Fordham University in New York, where he concentrated in Finance. He earned a BA in International Affairs from the George Washington University, and spent three years with the Peace Corps in Talgar, Kazakhstan, developing an English Language resource center and teaching students. Joe is a CFA charterholder.