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

Apps & Software

Published: March 6, 2008 8:33 am

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

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.