Why Oracle Stock Is Plummeting Today
Shares of (NYSE: ORCL) are falling today, down 13.7% as of 12:09 p.m. ET. The drop comes as the S 500 and Nasdaq Composite lost 0.3% and 1.1%, respectively.
Oracle reported earnings after the bell on Wednesday that fell short of Wall Street's expectations. The company's mixed report is dragging down much of the market, as it has done little to ease investor anxiety over whether the artificial intelligence (AI) boom is actually an AI bubble.
Oracle missed its top line, delivering $16.06 billion when Wall Street had projected $16.21 billion for the quarter. It did, however, handily beat on its bottom line, reporting earnings per share (EPS) of $2.26 when $1.64 was expected.
Source Fool.com
Oracle Corp. Stock
€123.26
9.870%
With 96 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
Based on the current price of 123.26 € the target price of 260 € shows a potential of 110.94% for Oracle Corp. which would more than double the current price.
