Stock-Split Watch: Is Oracle Next?
Stock splits have gained in popularity in recent years as the pace of the market's growth has risen, with many companies going this route in order to get per-share prices back to levels retail investors are comfortable with. Such a move doesn't alter a company's fundamentals. It simply reduces the price of each share while increasing the number of outstanding shares proportionally.
Even though a forward stock split is simply a cosmetic move, some companies believe that doing so could make their shares accessible to a bigger pool of investors, potentially raising demand which leads to an increase in the stock price. (NYSE: ORCL) is a company that has frequently taken this route over the course of its history as a publicly traded company.
Since going public in March 1987, it has undertaken a total of 10 stock splits with its last split occuring in October 2000. Share prices have jumped 373% since that split. Does this mean the time is ripe for Oracle to do another split? Let's find out.
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 111.04 € the target price of 260 € shows a potential of 134.15% for Oracle Corp. which would more than double the current price.
