Monness Crespi Sees 46% Upside to Oracle—Read Why

Monness Crespi Sees 46% Upside to Oracle—Read Why
The Oracle logo is shown on an office building in Irvine, Calif., on June 28, 2018. (Mike Blake/Reuters)

Monness Crespi analyst Brian White notes that Oracle Corp. 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., creating an "attractive buying opportunity."

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.

By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

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