Story updated at 9:55 a.m. to reflect market activity.
Oracle gained 0.2% to $42.22 in morning trading.
The analyst firm maintained its "buy" rating for the stock. Oracle should deliver solid quarterly results later this week according to analysts Richard Davis and David E. Hines.
Oracle will report its fiscal fourth quarter results on June 19. "The firm typically executes well in its FQ4 print," the analysts wrote. "The company is so large that channel checks are more worldwide macro calls, but on that basis, we did not unearth anything to make us think that our expectations for 4% non-GAAP revenue and 11% EPS year-over-year growth are at risk."
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Separately, TheStreet Ratings team rates ORACLE CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate ORACLE CORP (ORCL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."