Oracle (ORCL) Stock Forecast, Price & News

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Oracle in the last twelve months. There are currently 1 sell rating, 11 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ORCL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ORCL, but not buy additional shares or sell existing shares.
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25 brokerages have issued 12 month price objectives for Oracle's shares. Their ORCL share price forecasts range from $70.00 to $125.00. On average, they expect the company's stock price to reach $97.38 in the next twelve months. This suggests that the stock has a possible downside of 9.4%.
View analysts price targets for ORCL or view top-rated stocks among Wall Street analysts.

Oracle's stock was trading at $81.74 at the beginning of 2023. Since then, ORCL stock has increased by 31.5% and is now trading at $107.45.
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The company is scheduled to release its next quarterly earnings announcement on Monday, June 12th 2023.
View our ORCL earnings forecast.

Oracle will be holding an earnings conference call on Monday, June 12th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Oracle Co. (NYSE:ORCL) posted its quarterly earnings data on Thursday, March, 9th. The enterprise software provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.20 by $0.02. The enterprise software provider earned $12.40 billion during the quarter, compared to analysts' expectations of $12.42 billion. Oracle had a net margin of 17.46% and a negative trailing twelve-month return on equity of 262.40%. The firm's revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS.
Read the conference call transcript.

Oracle announced a quarterly dividend on Thursday, March 9th. Shareholders of record on Tuesday, April 11th will be given a dividend of $0.40 per share on Monday, April 24th. This represents a $1.60 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, April 10th. This is a positive change from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for ORCL.

ETFs with the largest weight of Oracle (NYSE:ORCL) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV), iShares U.S. Tech Independence Focused ETF (IETC), Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR), Direxion Daily Cloud Computing Bull 2x (CLDL), Monarch Blue Chips Core ETF (MBCC), Natixis U.S. Equity Opportunities ETF (EQOP), First Trust NASDAQ Technology Dividend Index Fund (TDIV) and First Trust Cloud Computing ETF (SKYY).

Oracle (NYSE:ORCL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 1.49%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 52.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORCL will have a dividend payout ratio of 35.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ORCL.

Oracle declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 9th 2021, which allows the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Oracle issued an update on its fourth quarter 2023 earnings guidance on Friday, March, 10th. The company provided EPS guidance of $1.56-$1.60 for the period, compared to the consensus estimate of $1.46. The company issued revenue guidance of $13.62 billion-$13.85 billion, compared to the consensus revenue estimate of $13.76 billion.

1,888 employees have rated Oracle Chief Executive Officer Safra A. Catz on Glassdoor.com. Safra A. Catz has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Oracle investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), Walt Disney (DIS), AT&T (T), Bank of America (BAC), Micron Technology (MU), Alibaba Group (BABA), QUALCOMM (QCOM) and Netflix (NFLX).

Oracle trades on the New York Stock Exchange (NYSE) under the ticker symbol "ORCL."

Oracle's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.34%), State Street Corp (2.32%), Geode Capital Management LLC (1.03%), FMR LLC (0.90%), Harris Associates L P (0.71%) and Fisher Asset Management LLC (0.66%). Insiders that own company stock include Charles W Moorman, Dorian Daley, Edward Screven, Jeffrey Berg, Jeffrey Henley, Lawrence Joseph Ellison, Michael J Boskin, Michael J Boskin, Naomi O Seligman, Naomi O Seligman, Renee Jo James, Rona Alison Fairhead, Safra Catz and W Corey West.
View institutional ownership trends.

Shares of ORCL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ORCL stock can currently be purchased for approximately $107.45.

Oracle (NYSE:ORCL) has a market capitalization of $290.09 billion and generates $42.44 billion in revenue each year. The enterprise software provider earns $6.72 billion in net income (profit) each year or $3.03 on an earnings per share basis.

The company employs 143,000 workers across the globe.

Oracle's mailing address is 500 ORACLE PARKWAY, REDWOOD CITY CA, 94065. The official website for the company is www.oracle.com. The enterprise software provider can be reached via phone at (737) 867-1000, via email at investor_us@oracle.com, or via fax at 650-506-7200.