Is It Too Late to Buy Oracle Stock?
(NYSE: ORCL) just delivered one of the most eye-catching updates in large-cap tech. Shares ripped higher on Wednesday after the database pioneer and cloud infrastructure provider revealed a bookings spike that reframes the growth outlook. The headline wasn't a modest guidance tweak or a one-off. It was a flood of contracted demand arriving all at once.
The question for investors is simple: After a move like this, is it too late to buy into this compelling growth story? The short answer is no. The stock is more expensive, but the scale and visibility of future revenue suggest Oracle can grow into today's valuation as new capacity comes online and customers start consuming what they've already signed up for.
Image source: Getty Images.
Source Fool.com
Oracle Corp. Stock
With 94 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
Based on the current price of 128.6 € the target price of 258 € shows a potential of 100.62% for Oracle Corp. which would more than double the current price.
