Benzinga | Jan 6, 2022 11:07AM EST

Monness Crespi Sees 46% Upside To Oracle - Read Why

* Monness Crespi analyst Brian White notes that Oracle Corp (NYSE: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 (NASDAQ: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.