Why Oracle Stock Is Surging Today
(NYSE: ORCL) stock is seeing big gains in Monday's trading. The company's share price was up 4.6% as of 1:40 p.m. ET, amid a 0.2% gain for the S 500 (SNPINDEX: ^GSPC) and a 0.1% gain for the Nasdaq Composite (NASDAQINDEX: ^IXIC). The stock had been up as much as 8.6% earlier in the day.
Oracle's valuation is climbing higher today following new guidance from management and bullish coverage from analysts. The reaction from investors has pushed the company's share price to a new all-time high.
Image source: Getty Images.
Source Fool.com
Oracle Corp. Stock
€110.00
-0.580%
The stock is one of the favorites of our community with 96 Buy predictions and 1 Sell predictions.
With a target price of 260 € there is potential for a 136.36% increase which would mean more than doubling the current price of 110.0 € for Oracle Corp..
