Why Oracle Stock Was Dropping Today
Shares of Oracle (NYSE: ORCL) -- the cloud computing and legacy tech company that's emerged as a potential winner from the artificial intelligence (AI) boom -- were falling today as a note from JPMorgan Chase seemed to question growth from its Oracle Cloud Infrastructure (OCI) business through the current fiscal year.
As of 12:46 p.m. ET, Oracle stock was down 6.1%, and the broader sell-off in tech stocks today on worries about rising rates also seemed to weigh on Oracle.
Image source: Getty Images.
Source Fool.com
Oracle Corp. Stock
€110.64
7.480%
With 96 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
Based on the current price of 110.64 € the target price of 260 € shows a potential of 135.0% for Oracle Corp. which would more than double the current price.
