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?
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Source Fool.com
Oracle Corp. Stock
€125.02
-1.030%
With 39 Buy predictions and not a single Sell prediction Oracle Corp. is an absolute favorite of our community.
As a result the target price of 140 € shows a slightly positive potential of 11.98% compared to the current price of 125.02 € for Oracle Corp..
