Monness Crespi analyst Brian White notes that Oracle Corp. stock has experienced a sharp decline in recent weeks. 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.
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