financetom
Technology
financetom
/
Technology
/
Oracle Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Oracle Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Jun 10, 2024 8:42 AM

Oracle Corporation ( ORCL ) will release earnings results for its fourth quarter, after the closing bell on Tuesday.

Analysts expect the Austin, Texas-based company to report quarterly earnings at $1.65 per share. That's down from $1.67 per share in the year-ago period. Oracle is projected to post quarterly revenue of $14.59 billion, compared to $13.84 billion a year ago, according to data from Benzinga Pro.

The tech giant recently announced plans to open two Oracle Cloud Regions in Morocco, offering enterprise cloud services to local and regional organizations across Africa.

Oracle shares rose 2% to close at $125.92 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

TD Cowen analyst Derrick Wood maintained an Outperform rating and raised the price target from $130 to $145 on March 12. This analyst has an accuracy rate of 70%.

BMO Capital analyst Keith Bachman maintained a Market Perform rating and boosted the price target from $126 to $142 on March 12. This analyst has an accuracy rate of 78%.

Piper Sandler analyst Brent Bracelin maintained an Overweight rating and increased the price target from $122 to $140 on March 12. This analyst has an accuracy rate of 73%.

Stifel analyst Brad Reback maintained a Hold rating and raised the price target from $100 to $120 on March 12. This analyst has an accuracy rate of 73%.

UBS analyst Karel Keirstead maintained a Buy rating and increased the price target from $130 to $150 on March 12. This analyst has an accuracy rate of 73%.

Read This Next: Jim Cramer Is ‘Worried’ About Palo Alto Networks, Calls Monday.com ‘Really Good‘

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Assessing JFrog: Insights From 12 Financial Analysts
Assessing JFrog: Insights From 12 Financial Analysts
Jan 22, 2025
In the preceding three months, 12 analysts have released ratings for JFrog ( FROG ) , presenting a wide array of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 4...
Assessing Adtran Holdings: Insights From 6 Financial Analysts
Assessing Adtran Holdings: Insights From 6 Financial Analysts
Jan 22, 2025
In the last three months, 6 analysts have published ratings on Adtran Holdings ( ADTN ) , offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat...
Forecasting The Future: 15 Analyst Projections For Microsoft
Forecasting The Future: 15 Analyst Projections For Microsoft
Jan 22, 2025
15 analysts have expressed a variety of opinions on Microsoft ( MSFT ) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
Where Riot Platforms Stands With Analysts
Where Riot Platforms Stands With Analysts
Jan 22, 2025
Ratings for Riot Platforms ( RIOT ) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish...
Copyright 2023-2026 - www.financetom.com All Rights Reserved