Quick Read – Oracle (ORCL) crashed 50% in a year, yet its $638 billion cloud backlog and 93% IaaS growth support a $195 buy target. – Oracle’s backlog exceeds Microsoft’s (MSFT), yet ORCL trades at 16x forward P/E versus MSFT’s 29x and Amazon’s (AMZN) 35x trailing multiple. -…
t now: the analyst 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) shareholders have endured a brutal seven months. From a record high above $341 in October, shares have retraced roughly two-thirds. The one-year total return sits at -49.98%, and last month alone wiped out 33.9% of the equity value.
That drawdown signals either a broken thesis or an entry point. I believe it is the latter. Our 24/7 Wall St. price target lands at $195.52, implying 56.51% upside from Monday’s close.