Credit Suisse (SIX:CSGN) analyst Brad Zelnick maintained a Buy rating on Oracle on Friday, setting a price target of $67, which is approximately 12.64% above the present share price of $59.48.
Zelnick expects Oracle to post earnings per share (EPS) of $0.74 for the fourth quarter of 2020.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Oracle, with an average price target of $65.52.
The analysts price targets range from a high of $71 to a low of $57.
In its latest earnings report, released on 08/31/2020, the company reported a quarterly revenue of $9.37 billion and a net profit of $3.4 billion. The company's market cap is $180.53 billion.
According to TipRanks.com, Credit Suisse analyst Brad Zelnick is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.0% and a 75.42% success rate.
Oracle Corp (NYSE:ORCL). engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment provides hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware related software, and related hardware support. The Services segment offers consulting, advanced support, and education services. The company was founded by Lawrence Joseph Ellison, Robert Nimrod Miner and Edward A. Oates on June 16, 1977 and is headquartered in Redwood (NYSE:RWT) City, CA.