This AI Stock Looks Dirt-Cheap. Is It a Bargain or a Value Trap?
Oracle (NYSE: ORCL) has long had a leading position in enterprise IT. It's known for having the world's top relational database management system as well as cloud infrastructure, enterprise software, and the Java computing language.
However, as a stock, Oracle largely disappointed over the last decade. Revenue has been mostly flat until a recent surge, and the stock underperformed the Nasdaq and most of its big tech peers over the last 10 years.
This year has been a different story for Oracle, with the stock surging on rapid growth in its cloud infrastructure division thanks in large part to artificial intelligence (AI). Even after a pullback on its fiscal first-quarter earnings report due to a deceleration in cloud growth, the stock is still up 39% year to date as revenue growth significantly improved.
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 €.
