Why Oracle Stock Trounced the Market Today
Veteran database software company (NYSE: ORCL) had a prosperous Tuesday on the stock market. After its shares received a recommendation upgrade from an analyst, investors piled in to send them more than 3% higher in price. This was more than double the 1.5% gain of the S 500 index.
The upgrading party was UBS' Karl Keirstead, who changed his view on Oracle stock well before market open that day. In his opinion the company is now a buy, where previously he tagged it as a neutral. In pushing his recommendation up a peg, Keirstead also raised his price target to $140 per share from the preceding $120.
In a new research note, the analyst wrote that investors are underestimating the potential in the company's graphics processing unit (GPU) business. They also might not fully realize the strength of its Oracle Cloud Infrastructure (OCI) architecture.
Source Fool.com
Oracle Corp. Aktie
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.
