BMO Capital reported that they have upgraded software giant, Oracle Corporation(ORCL).

The firm has increased their rating for ORCL from “Market Perform” to “Outperform,” and has given the company a $43 price target. This price target suggests a 17% increase from the stock’s current price of $35.51.

Analysts have upgraded the stock due to an improved sales growth.

Oracle shares were up 30 cents, or 0.84% during premarket trading Friday. The stock has increased 25% in the past year.

The Bottom Line
Shares of Oracle Corporation(ORCL) have a 0.68% yield, based on Thursday’s closing price of $35.51.

Oracle Corporation(ORCL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.