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.