NEW YORK, March 13 - Analysts at JMP Securities maintain their "strong buy" rating on Oracle Corporation (ORCL.NAS), while raising their estimates for the company. The target price is set to $22. In a research note published yesterday, the analysts mention that the company has been benefiting continuously from the consolidation of the enterprise software market and the sale of a bigger span of products into its installed base. Oracle is expected to post robust F3Q results in North America, the analysts say. The EPS estimates for FY07 and FY08 have been raised from $0.97 to $0.98 and from $1.13 to $1.14, respectively.
Man, I needed that. I have been in the hole with this thing since the beginning of January. Doubled down last week expecting an earnings boost (which usually means disaster for me). Just kicked it out AH at $18.33. Of course that means tomorrow it will probably fill the gap to 18.78, but whatever - I got tired of looking at.