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Benzinga
Benzinga
Business
Anusuya Lahiri

Monness Crespi Sees 46% Upside To Oracle - Read Why

  • Monness Crespi analyst Brian White notes that Oracle Corp (NYSE:ORCL) stock has experienced a sharp decline in recent weeks. 
  • The analyst believes Oracle's selloff is a knee-jerk reaction to its announcement last month to acquire Cerner Corp (NASDAQ:CERN), creating an "attractive buying opportunity." 
  • Related Content: Oracle Agrees To Acquire Cerner At Premium
  • Read How Analysts View Oracle Post Cerner Deal
  • Further, White thinks Oracle offers investors a high-quality, value play with the opportunity to capitalize on the company's cloud transformation and increasingly attractive model. 
  • He has a Buy rating and a price target of $126 on the shares, implying a 45.7% upside.
  • Oracle provides database technology, enterprise resource planning, or ERP software to enterprises worldwide.
  • Price Action: ORCL shares traded lower by 0.58% at $85.96 in the market session on the last check Thursday.
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