Monness Crespi Sees 46% Upside To Oracle - Read Why - Oracle (NYSE:ORCL)

Monness Crespi analyst Brian White notes that Oracle Corp ORCL 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 CERN, creating an "attractive buying opportunity."
Related Content: Oracle Agrees To Acquire Cerner At Premium
Read How Analysts View Oracle Post Cerner Deal
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.
Price Action: ORCL shares traded lower by 0.58% at $85.96 in the market session on the last check Thursday.

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Monness Crespi Sees 46% Upside To Oracle - Read Why