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
The stock is one of the favorites of our community with 104 Buy predictions and 1 Sell predictions.
With a target price of 234 € there is a hugely positive potential of 70.33% for Oracle Corp. compared to the current price of 137.38 €.
