Oracle's AI-Fueled Growth Silences Doubters -- for Now
Oracle (NYSE: ORCL) might well be the Rodney Dangerfield of cloud providers -- "I don't get no respect." Despite reporting better-than-expected results for two consecutive quarters, the stock has fallen 54% over the past six months. Soaring capital spending and fears about a slowing in demand for artificial intelligence (AI) have weighed on the cloud infrastructure and AI provider.
After the market closed on Tuesday, Oracle reported its results, and the stock is finally getting a little love, climbing roughly 11% in after-hours trading.
Image source: The Motley Fool.
Source Fool.com
Oracle Corp. Stock
€148.74
-1.700%
With 101 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 239 € shows a very positive potential of 60.68% compared to the current price of 148.74 € for Oracle Corp..
