Wedbush Initiates Coverage of Oracle (BIT:1ORCL) with Outperform Recommendation
Fintel reports that on April 24, 2026, Wedbush initiated coverage of Oracle (BIT:1ORCL) with a Outperform recommendation.
Analyst Price Forecast Suggests 52.46% Upside
As of April 19, 2026, the average one-year price target for Oracle is €224.18/share. The forecasts range from a low of €138.16 to a high of €370.66. The average price target represents an increase of 52.46% from its latest reported closing price of €147.04 / share.
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The projected annual revenue for Oracle is 65,051MM, an increase of 1.52%. The projected annual non-GAAP EPS is 7.35, a decrease of 0.16% from the prior forecast.
What is the Fund Sentiment?
There are 3,705 funds or institutions reporting positions in Oracle. This is an decrease of 1,390 owner(s) or 27.28% in the last quarter. Average portfolio weight of all funds dedicated to 1ORCL is 0.43%, an increase of 43.23%. Total shares owned by institutions decreased in the last three months by 14.42% to 1,227,739K shares.
What are Other Shareholders Doing?
Jpmorgan Chase holds 41,223K shares representing 1.43% ownership of the company. In its prior filing, the firm reported owning 49,573K shares , representing a decrease of 20.26%. The firm decreased its portfolio allocation in 1ORCL by 39.61% over the last quarter.
Geode Capital Management holds 37,735K shares representing 1.31% ownership of the company. In its prior filing, the firm reported owning 37,070K shares , representing an increase of 1.76%. The firm decreased its portfolio allocation in 1ORCL by 31.73% over the last quarter.
Capital Research Global Investors holds 30,137K shares representing 1.05% ownership of the company. In its prior filing, the firm reported owning 23,311K shares , representing an increase of 22.65%. The firm decreased its portfolio allocation in 1ORCL by 11.85% over the last quarter.
Norges Bank holds 22,246K shares representing 0.77% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Northern Trust holds 19,000K shares representing 0.66% ownership of the company. In its prior filing, the firm reported owning 19,396K shares , representing a decrease of 2.09%. The firm decreased its portfolio allocation in 1ORCL by 86.05% over the last quarter.