RBC Capital Reiterates Sector Perform Rating on Oracle (ORCL); Sees Upside Bias to Q3 Numbers

RBC Capital analyst Ross MacMillan reiterated a Sector Perform rating and $55.00 price target on Oracle (NYSE: ORCL) but said they see an upside bias to numbers for Q3.

"We see a bias of upside to F3Q19 estimates/ guidance given conservative estimates that imply a step-down in CC 2-year stack growth rates, an increase in support pricing starting 1/1/19 (a material contributor to earnings power) and a likely higher buyback than we are modeling," MacMillan commented.

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $52.80 yesterday.

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