What the Oracle Upgrade Means for Mutual Fund Investors (ORCL)

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What the Oracle Upgrade Means for Mutual Fund Investors (ORCL)

Shauna O'Brien Jan 06, 2015

Inside the Analyst Move

According to analyst Katherine Egbert: “We are upgrading Oracle to Overweight from Neutral as the feedback from our 2015 CIO survey suggests that Oracle’s cloud businesses are poised to benefit from an uplift in spending by existing customers, bolstered by spending to support existing on-premise systems. Our prior Neutral rating was based on the view that Oracle’s transition to subscription-based cloud offerings would take years, and this is probably still the case, but we see now substantially less risk of market-share deterioration during the transition phase. The bear case on Oracle continues to be a lack of traction in the cloud combined with declining on-premises license sales. We have not changed our estimates, but our new price contemplates an expanded multiple, one that is at par with the existing growth figures in which we now have more confidence.”

Continued Analyst Excitement Over Earnings

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