Bank of America Merrill Lynch Reiterates “Buy” Rating on Oracle (ORCL)
Analysts at Bank of America Merrill Lynch reiterated their bullish rating on software giant Oracle Corporation (ORCL) on Wednesday.
The analysts maintain a “Buy” rating on ORCL and see shares reaching $38. This target suggests a 21% upside to Tuesday’s closing price of $31.53.
Oracle shares were up 22 cents, or +0.69%, during morning trading on Wednesday. The stock is up +8.01% over the past year.
The Bottom Line
Shares of Oracle (ORCL) have a dividend yield of 0.76% based on Wednesday’s intraday trading price of $31.75 and the company’s annualized dividend payout of 24 cents per share.
Oracle Corporation (ORCL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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