Is It Too Late to Buy Oracle Stock?
's (NYSE: ORCL) stock has been interesting to watch in 2023. The stock had risen more than 50% year to date but cratered 13% after the company reported earnings on Sept. 11. Oracle had been such a great story before that, but was the earnings report really that bad? Or is it time to abandon ship on Oracle stock?
Let's dive in and see if it's too late to benefit from Oracle's rise, or if this is a buying opportunity.
Oracle has been one of the pinnacle "old-school" tech stocks. Its enterprise resource planning (ERP) software has been the bedrock of this company for some time, as it's software that nearly every manufacturing business needs to run effectively. The problem is that once every company adopts it (or one of its competitor's offerings), there's not much expansion left.
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 9.48% for Oracle Corp. compared to the current price of 127.88 €.
