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Analyst Rating: Will Oracle Corporation (ORCL) Stock Do Better Than the Market?

Friday, August 05, 2022 02:04 PM | InvestorsObserver Analysts
Analyst Rating: Will Oracle Corporation (ORCL) Stock Do Better Than the Market?

Wall Street is positive on Oracle Corporation (ORCL). On average, analysts give ORCL a Buy rating. The average price target is $87.117, which means analysts expect the stock to climb by 13.30% over the next twelve months. That average ranking earns ORCL an Analyst Rating of 16, which is better than 16% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.4
Wall Street analysts are rating ORCL a Buy today. Find out what this means to you and get the rest of the rankings on ORCL!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Oracle Corporation Stock Today?

Oracle Corporation (ORCL) stock is trading at $76.89 as of 2:01 PM on Friday, Aug 5, a loss of -$0.54, or -0.7% from the previous closing price of $77.43. The stock has traded between $76.00 and $77.31 so far today. Volume today is light. So far 2,846,044 shares have traded compared to average volume of 6,960,843 shares. Click Here to get the full Stock Report for Oracle Corporation stock.

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