Where Will Oracle Stock Be in 1 Year?
's (NYSE: ORCL) stock price fell 14% on Sept. 12 after the tech giant posted its latest earnings report. For the first quarter of fiscal 2024, which ended on Aug. 31, its revenue grew 9% year over year (8% in constant currency) to $12.45 billion, but missed analysts' estimates by $20 million. Its adjusted EPS rose 16% to $1.19 and beat the consensus forecast by four cents.
Those numbers weren't disastrous, but Oracle might also have been due for a pullback. Even after its post-earnings decline, its share prices have still risen 44% over the past 12 months. So does this stock still have room to run over the next 12 months?
Image source: Getty Images.
Source Fool.com
Oracle Corp. Aktie
124,68 €
0,18 %
Klare Kaufempfehlung: Oracle Corp. erhält nur Buy-Einschätzungen.
Das von der Community festgelegte Kursziel von 139 € für Oracle Corp. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 124.68 € hin.
