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
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