Oracle "strong buy"

11/28/06 - JMP Securities

NEW YORK, November 28 (newratings.com) - Analysts at JMP Securities maintain their "strong buy" rating on Oracle Corporation (ORCL). The target price is set to $22.

In a research note published yesterday, the analysts mention that the company is likely to report its F2Q07 non-GAAP EPS ahead of the consensus. Oracle is likely to post robust applications results and the overall business trends remain favourable, the analysts say. The company is likely to post 20% y/y growth in license revenues and 35% y/y growth in applications license revenues, JMP Securities adds.