Why Oracle Is a No-Brainer Growth Play Now
(NYSE: ORCL) just delivered something extraordinary -- a quarterly earnings miss that sent its stock soaring 30% in after-hours trading. The company reported non-GAAP earnings per share of $1.47, compared to estimates of $1.48 and revenue of $14.9 billion versus the expected $15 billion. Yet instead of grilling management about the shortfall, Wall Street analysts used words like "blown away," "momentous," and "in shock" in a very good way."
Why would professional analysts react this way to disappointing numbers? Oracle just unveiled a growth trajectory that rewrites everything investors thought they knew about this 48-year-old enterprise software giant. The company's artificial intelligence (AI) initiative is quickly becoming the picks-and-shovels provider for the entire AI revolution.
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Source Fool.com
Oracle Corp. Stock
With 103 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 233 € shows a very positive potential of 71.2% compared to the current price of 136.1 € for Oracle Corp..
