Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 262.61

+2.2%

Oct 31 9:30 AM EDT

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To: Sr K who wrote (18973)	3/25/2011 11:12:47 AM
From: Sonki	of 19079

UPDATE: J.P. Morgan Raises PT on Oracle to $40 (ORCL) J.P. Morgan is out with its report today on Oracle (NASDAQ: ORCL), raising its PT from $38 to $40. In a note to clients, J.P. Morgan writes, "ORCL reported a very strong F3Q driven by software license revenue growth that marks a positive inflection in seasonal trends, along with strong margins that are already approaching pre-Sun levels. Guidance was also much better than expected." J.P. Morgan maintains Overweight on ORCL. At the time of posting, shares of ORCL were trading pre-market at $33.63, up 4.64% from Thursday's close. Piper Jaffray is raising its PT on shares of Oracle (NASDAQ: ORCL) from $36 to $37. Oracle currently trades at $33.23. According to Morgan Stanley, Oracle (NASDAQ: ORCL) apps lead Q3 and pull a long train of products. Morgan Stanley reported that, with 29% organic constant currency (cc) growth in the app biz against tough comps, it has seen the strongest evidence yet that it is at the beginning of a major application investment cycle and ORCL is gaining share. “With applications representing the tip of the spear for ORCL, pulling along their broad portfolio of software and hardware technologies — investors may be underestimating the overall growth implications of this trend across the portfolio of ORCL products. After a year of out-performance in the Sun integration, ORCL's core biz is set to drive out-performance through CY11.”

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