Skip to main content

Market Overview

Oracle HCM World Event: Here's What 2 Analysts Are Watching

Share:

Oracle Corporation (NYSE: ORCL) is hosting an analyst track at Oracle HCM World in Washington, DC, on Thursday. The human resources event is scheduled to start with a keynote address from the company's CEO Mark Hurd, followed by breakout sessions and diverse meetings.

In a report issued Thursday, as well, Cantor Fitzgerald analysts Brian J. White and Isabel Zhu provide a few comments in anticipation of the conference.

Related Link: 7 Things Wall Street Is Saying About Oracle

The HCM (Human Capital Management) market is "quickly moving into the cloud with both Oracle and Workday showing strong momentum in the market," the specialists say.

In their view, "Oracle's push into the cloud is the most aggressive of any of the large, global IT vendors" in their coverage universe and they believe Oracle has the highest probability of success. They expect the HCM World event to provide investors with a better appreciation for the company's success in migrating HCM into the cloud.

White and Zhu highlight two main points in relation with the conference: (1) HCM is shifting in the cloud and Oracle is well positioned to benefit from this move; (2) the company's "obsession with the Cloud is starting to show results."

Cantor Fitzgerald rates Oracle's stock as a Buy and has a $48 price target on it.

Latest Ratings for ORCL

DateFirmActionFromTo
Mar 2022B of A SecuritiesMaintainsNeutral
Mar 2022BMO CapitalMaintainsMarket Perform
Mar 2022Piper SandlerDowngradesNeutralUnderweight

View More Analyst Ratings for ORCL

View the Latest Analyst Ratings

 

Related Articles (ORCL)

View Comments and Join the Discussion!

Posted-In: Brian J. White Cantor Fitzgerald HCM WorldAnalyst Color Previews Events Analyst Ratings Trading Ideas

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com