Wall Street predicts Oracle stock price for the next 12 months
Although Oracle’s (NYSE: ORCL) stock price plunged on Friday in reaction to the company’s financials, a section of Wall Street remains confident the equity is likely to rally over the next 12 months.
As of press time, ORCL shares traded at $189.97, down more than 4% at the close of the Friday session. Meanwhile, year-to-date, the stock is up nearly 15%.
Notably, Oracle shares fell after the company reported second-quarter earnings that beat expectations but issued weaker-than-forecast guidance and flagged sharply higher spending on artificial-intelligence infrastructure.
Adjusted earnings came in at $2.26 per share, well above Wall Street estimates, driven largely by…
