S&P 500
7,523.80
+0.06%
Dow Jones
52,245.50
-0.53%
Nasdaq 100
29,472.80
+0.73%
Russell 2000
2,957.76
+0.21%
FTSE 100
10,485.60
-0.24%
Nikkei 225
68,070.10
+1.50%

Apps & Software

Goldman Sachs Updates Oracle/BEA Targets, Issues Buy on Oracle (ORCL, BEAS)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Oracle Corp. (NASDAQ: ORCL) is being reinstated as a "Buy" rating in new coverage this morning at Goldman Sachs.  The firm notes that with macroeconomic concerns being front and center, shares of the enterprise software giant are down 18% so far in 2008. 

It also notes the forward EPS multiples being a mere 15.8 for 2008 and 12.2 for 2009.  Both multiples are under the industry average by about 20% and are also at a discount to the S&P.  Based on yesterday’s close, Goldman Sachs sees a 23% gain opportunity to its target.

With the acquisition of BEA Systems (NASDAQ: BEAS), Goldman Sachs has issued the following metrics for forward years:

  • 2008 is $1.26 EPS, same as before;
  • 2009 is $1.47 EPS, up from $1.41 before;
  • 2010 is $1.63 EPS, up from $1.60 before.

Jon C. Ogg
March 6, 2008

Contact [email protected] for any questions or corrections.

*$149 for two years (or $1.43 per week) is an introductory promotion for new members only. 62% discount based on the current list price of Stock Advisor of $199/year. Membership will renew at the then-current list price at the end of the membership term.

Stock Advisor returns are 930% as compared to the S&P 500 returns of 185% as of April 7, 2026.

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Goldman Sachs Raises Microsoft Ahead Of Earnings (MSFT, INTC)

We already noted some changes out of Goldman Sachs in the beverage sector this morning, but there is a more…

Douglas A. McIntyre |

Goldman Sachs Removes Google From Buy Lists (GOOG)

Goldman Sachs is making a ratings change on Google (NASDAQ: GOOG) this morning.  Google has been removed from the Goldman…

Douglas A. McIntyre |

Goldman Sachs Cores Apple (AAPL)

Many investors and traders alike have been hoping that Apple Inc. (NASDAQ: AAPL) would be largely immune or at least…

Douglas A. McIntyre |

Goldman Sachs on Steel & Metals in 2008 (NUE, ZEUS, RS, ATI, X, SCHN, AKS)

Goldman Sachs is out with a call covering the steel stocks.  We’ll be keeping this one shortened to keep it…

Douglas A. McIntyre |

Goldman Sachs Pans Ethanol (AVR, PEIX, VSE)

In coverage this morning, Goldman Sachs has come out and reiterated the firm’s Cautious analyst coverage view for the corn-based…

Douglas A. McIntyre |

CNET Hit By Goldman Sachs (CNET)

CNET Networks Inc. (NASDAQ:CNET) is being maintained with a Sell, but the target is being cut from $8.00 down to…

Douglas A. McIntyre |

Starbucks Partially Ditched for McDonalds by Goldman Sachs (SBUX, MCD)

This morning Goldman Sachs has made several changes to its Americas Conviction Buy List, but the most interesting change was…

Douglas A. McIntyre |

Goldman Sachs: Sirius & XM To Raise Capital (SIRI, XMSR)

Goldman Sachs has issued a research report noting that Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR)…

Douglas A. McIntyre |

Goldman Sachs Positive on CommTech (CSCO, QCOM, RIMM, PWAV)

Goldman Sachs has come out with some positive calls in the communications technology group, and one of the stocks has…

Top Gaining Stocks

FactSet Research Systems
FDS • Vol: 929,614
Gartner
IT • Vol: 1,375,344
Intuit
INTU • Vol: 6,564,709
Valero Energy
VLO • Vol: 2,870,552
Paycom Software
PAYC • Vol: 620,867

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Oracle
ORCL • Vol: 56,688,573
Intel
INTC • Vol: 100,754,655
Lam Research
LRCX • Vol: 9,770,514
ON Semiconductor
ON • Vol: 9,568,853