Oracle Corporation: An Overview
Oracle Corporation is a technology company that provides products and services to address all aspects of corporate information technology environments. The company operates through three main business segments: Cloud and License, Hardware, and Services.
Recent Developments
RBC Capital analyst Matthew Hedberg maintained a Hold rating on Oracle (ORCL) with a price target of $165.00. This rating remains unchanged despite the current market conditions. Hedberg has an average return of 18.6% and a 64.06% success rate on recommended stocks.
Analyst Consensus
The analyst consensus on Oracle is a Moderate Buy, with an average price target of $190.84. However, it’s worth noting that the company’s recent performance has been impacted by various factors, including the COVID-19 pandemic and global economic uncertainty.
Insider Trading Activity
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Company Description
Oracle Corp. was founded by Lawrence Joseph Ellison, Robert Nimrod Miner, and Edward A. Oates on June 16, 1977. The company is headquartered in Redwood City, CA, and operates through the following business segments: Cloud and License, Hardware, and Services.
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