3 Reasons to Buy Oracle Stock, and 3 Reasons to Sell
's (NYSE: ORCL) stock sank 9% during after-hours trading on Dec. 11 after the tech giant posted its latest earnings report. For the second quarter of fiscal 2024, which ended on Nov. 30, its revenue rose 5% year over year to $12.9 billion but missed analysts' estimates by $110 million. Its adjusted earnings per share (EPS) grew 11% to $1.34 and exceeded expectations by a penny.
Those headline numbers weren't terrible, but investors had expected better results to justify the stock's year-to-date rally of about 40% prior to its earnings report. Let's review the three reasons to buy Oracle's stock -- as well as three reasons to sell it -- to see if it's still a worthwhile investment after its recent post-earnings pullback.
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Source Fool.com
Oracle Corp. Stock
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
With a target price of 140 € there is a slightly positive potential of 8.44% for Oracle Corp. compared to the current price of 129.1 €.
