Where Will Oracle Stock Be in 1 Year?
Cloud computing giant (NYSE: ORCL) has delivered impressive gains in the past year, rising more than 48% on the market as compared to the 25% gains registered by the Nasdaq Composite index over the same period (as of this writing). Its performance was driven by the fast-growing demand for the company's cloud infrastructure for handling artificial intelligence (AI) workloads.
However, Oracle's rise over the past year has made the stock expensive. It now trades at 45 times trailing earnings as compared to its five-year average earnings multiple of 24.
Even analysts aren't expecting much upside from the stock in the coming year. It carries a median 12-month price target of $205 as determined by 39 analysts covering the stock, a jump of 11% from current levels.
Source Fool.com
Oracle Corp. Stock
The stock is one of the favorites of our community with 99 Buy predictions and 2 Sell predictions.
With a target price of 230 € there is a positive potential of 41.71% for Oracle Corp. compared to the current price of 162.3 €.
