- The shares of Oracle Corporation (NYSE: ORCL) have received a $120 price target from Deutsche Bank. These are the details.
The shares of Oracle Corporation (NYSE: ORCL) have received a $120 price target from Deutsche Bank. And Deutsche Bank analyst Brad Zelnick is maintaining a “Buy” rating on the shares.
Zelnick noted that after overcoming the shock of Oracle pushing for its largest deal in history at a time when their organic prospects seem so promising, investors will come to appreciate the merits of the Cerner acquisition. Plus Zelnick noted that while the timing raises some skepticism, Oracle’s standalone strategy remains on course and its interest in Cerner dates back at least 17 years.
Going forward, Zelnick believes Cerner is both financially and strategically to Oracle.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.