Oracle‘S (NYSE: ORCL) shares ended the week with a surge as the legendary database company rose nearly 3% on Friday. This came on news that several analysts had raised their price targets for the stock ahead of the release of second-quarter fiscal 2025 earnings results scheduled for next Monday. That price increase was more than enough to… S&P500 (SNPINDEX: ^GSPC)which fell marginally that day.
That morning, two analysts covering Oracle’s stock weighed in on the company’s earnings, and both raised their price targets. BarclaysRaimo Lenschow now believes that the fair value of the legendary technology stock is $212 per share, while he previously valued it at $202. Meanwhile, TD Cowen’s Derrick Wood has raised his level to $210 per share (previously $190). Both experts continue to give Oracle a buy price.
Do you miss the morning spoon? Breakfast news delivers it all in one fast, silly and free daily newsletter. Register for free »
According to Wood’s reports, in Wood’s latest evaluation, the analyst acknowledged that Oracle is an expensive investment today; after all, the value is up about 80% so far this year. However, demand for its products and services remains robust and the company faces encouraging growth opportunities.
Oracle will report its quarterly results Monday at 4:00 PM CST time. On average, analysts tracking this expect revenue of just over $14.1 billion, which, if achieved, would represent growth of more than 9% year-over-year. Earnings per share are expected to be $1.48 per share, well above the $1.34 of the second quarter of fiscal 2024.
Oracle has a long history of growth, not least because it is very adept at expanding its business with new, complementary products and services. This optimism regarding the quarterly results is, in my opinion, fully justified and I believe it will be validated by the figures the company publishes on Monday.
Have you ever felt like you missed the boat on buying the most successful stocks? Then you would like to hear this.
On rare occasions, our expert team of analysts provides a “Double Down” Stocks recommendation for companies they think are about to pop. If you’re worried that you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
-
Nvidia: If you had invested $1,000 when we doubled in 2009, you would have $376,143!*
-
Apple: If you had invested $1,000 when we doubled in 2008, you would have $46,028!*
-
Netflix: If you had invested $1,000 when we doubled in 2004, you would have $494,999!*
