Prediction: Oracle Stock Will Soar After Oct. 16
Earlier this year, when investors thought of potential artificial intelligence (AI) winners, names like Nvidia and Palantir Technologies almost always came up -- and these players still are among the stocks AI investors favor. But another tech company has taken a spot on center stage along with them in recent months, and it's actually a company that's been around for nearly 50 years.
I'm talking about (NYSE: ORCL), a specialist in database management software that's been expanding in the world of cloud computing -- and proving itself to be an AI giant of today and tomorrow. Early last month, the company announced soaring revenue from AI customers flocking to its services and saw its stock price surge more than 35% in one trading session. The stock since has lost some of those gains as investors worried about the company's profitability on revenue from its big AI contracts.
My prediction is these concerns soon may ease, and Oracle stock will even soar after a much-awaited event on Oct. 16.
Source Fool.com
Oracle Corp. Stock
The stock is one of the favorites of our community with 103 Buy predictions and 1 Sell predictions.
With a target price of 237 € there is potential for a 101.22% increase which would mean more than doubling the current price of 117.78 € for Oracle Corp..
