Shares of Oracle have been stuck in a downward spiral for months, but the tide may finally turn for the software and cloud giant.
Oracle’s
ORCL stock has plunged roughly 60% from its September peak — currently trading at $143 — primarily due to concerns about the company’s high-stakes relationship with OpenAI, and, more recently, a broader selloff in the software sector. “We believe the market has overshot to the downside,” D.A. Davidson analyst Gil Luria wrote in a Monday note.
Can Oracle’s stock finally stage a comeback? Why one analyst sees ‘pure upside’ from here.
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Shares of Oracle have been stuck in a downward spiral for months, but the tide may finally turn for the software and cloud giant.
Oracle’s
ORCL stock has plunged roughly 60% from its September peak — currently trading at $143 — primarily due to concerns about the company’s high-stakes relationship with OpenAI, and, more recently, a broader selloff in the software sector. “We believe the market has overshot to the downside,” D.A. Davidson analyst Gil Luria wrote in a Monday note.
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