Quick Read – Oracle (ORCL) shares cratered 35% while RPO surged 363% to $638 billion, a fundamental dislocation that rarely lasts. – Oracle trades at a forward P/E of 16 versus Microsoft (MSFT) at 29, despite matching its $627 billion commercial RPO backlog. – Act now: the…
alyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Oracle didn’t make the cut. Grab the names FREE today
Oracle (NYSE: ORCL) has been the AI cloud story of the year, then the AI cloud panic of the last month. Shares are down 35.29% year to date and 33.43% over the past month, yet the underlying business is growing faster than at any point in Oracle’s history. Our 24/7 Wall St. price target for Oracle is $198.72 over the next 12 months, implying 59.99% upside from current levels.
Our recommendation is buy with high confidence. 24/7 Wall St. Price Target Summary Why Oracle Just Cratered Oracle sits 26% below its 52-week high of $341.82 and just above the 52-week low of $123.66. Recent catalysts include S&P Global downgrading Oracle from BBB to BBB- on July 13 tied to AI infrastructure debt, New Mexico rejecting a gas pipeline permit for an Oracle data center, and sector contagion after IBM (NYSE:IBM) shares dropped more than 25% on a Q2 miss.