Could Oracle Stock Give Back Its Gains?
Wednesday's post-earnings spike has faded some, with the shares slipping on Thursday as investors digested what Oracle (NYSE: ORCL) just reported and, more importantly, what it implied. Oracle, the enterprise software and cloud-infrastructure provider, shocked the market with a massive backlog figure tied to multiyear artificial intelligence (AI) and cloud contracts. The question now is whether those commitments will translate into revenue quickly enough to support the stock's move.
In the near term, anything can happen to the share price. Over a multiyear horizon, though, Oracle's remaining performance obligations (RPO) and the company's plan to scale cloud infrastructure point to better revenue visibility than before this report.
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Source Fool.com
Oracle Corp. Stock
With 96 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
Based on the current price of 112.64 € the target price of 260 € shows a potential of 130.82% for Oracle Corp. which would more than double the current price.
