Where Will Oracle Stock Be in 1 Year?
's (NYSE: ORCL) stock price fell 14% on Sept. 12 after the tech giant posted its latest earnings report. For the first quarter of fiscal 2024, which ended on Aug. 31, its revenue grew 9% year over year (8% in constant currency) to $12.45 billion, but missed analysts' estimates by $20 million. Its adjusted EPS rose 16% to $1.19 and beat the consensus forecast by four cents.
Those numbers weren't disastrous, but Oracle might also have been due for a pullback. Even after its post-earnings decline, its share prices have still risen 44% over the past 12 months. So does this stock still have room to run over the next 12 months?
Image source: Getty Images.
Source Fool.com
Oracle Corp. Aktie
127,10 €
1,83 %
Die Community sieht Oracle Corp. positiv: Viel mehr Buy- als Sell-Einschätzungen.
Für Oracle Corp. wird ein Kursziel von 258 € erwartet, was eine deutliche Steigerung gegenüber dem aktuellen Kurs von 127.1 € darstellt.
