$Oracle (ORCL.US)$ is expected to release its financial results for its third quarter, after the closing bell on March 11, 2024.
Analysts expect the Austin, Texas-based company to report quarterly earnings at $1.38 per share, up from $1.22 per share in the year-ago period. Oracle is projected to post revenue of $13.31 billion for the latest quarter, according to data from Benzinga Pro.
On Dec. 11, Oracle reported upbeat earnings for its second quarter, while sales missed estimates.
Oracle shares gained 2% to close at $114.54 on Thursday.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
Piper Sandler analyst Brent Bracelin maintained an Overweight rating and cut the price target from $125 to $122 on Jan. 2, 2024. This analyst has an accuracy rate of 76%.
Erste Group analyst Hans Engel downgraded the stock from Buy to Hold on Dec. 22, 2023. This analyst has an accuracy rate of 71%.
Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating and cut the price target from $107 to $106 on Dec. 12, 2023. This analyst has an accuracy rate of 76%.
Wolfe Research analyst Alex Zukin maintained an Outperform rating and slashed the price target from $140 to $130 on Dec. 12, 2023. This analyst has an accuracy rate of 79%.
BMO Capital analyst Keith Bachman maintained a Market Perform rating and slashed the price target from $130 to $126 on Dec. 12, 2023. This analyst has an accuracy rate of 81%.
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