An Oppenheimer analyst has turned bullish on Oracle’s stock after a selloff that has wiped away more than half the company’s value since its September peak.
Oppenheimer & Co upgrades Oracle stock to Outperform and issues a $185 price target in a research note Wednesday.
Oppenheimer believes that a sharp recent pullback in Oracle has created an attractive risk-reward balance for investors. The ...
"The selloff in the shares has brought investor expectations to levels that better reflect the uncertainty and risks of Oracle's transition to a capital-intensive business," Oppenheimer analysts led ...
Shares of Oracle (ORCL) rose about 4% on Wednesday after Oppenheimer upgraded the stock to Outperform from Perform.
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