Why Oracle Rallied Yet Again Today
Shares of (NYSE: ORCL) were taking off again today, rising 6.7% on Monday.
After revealing a massive increase in its cloud business earlier this month, Oracle was yet again in the news today in several ways.
First, the company announced two co-CEO successors to current CEO Safra Catz, who announced she would be retiring soon. Second, Oracle appears to be on the brink of becoming a part owner of TikTok USA, per a pending deal between the U.S. and China.
Source Fool.com
Oracle Corp. Stock
€170.70
5.040%
The stock is one of the favorites of our community with 97 Buy predictions and 1 Sell predictions.
With a target price of 231 € there is a positive potential of 35.33% for Oracle Corp. compared to the current price of 170.7 €.
