Oracle Corporation’s share price as of December 6, 2024, was $191.69 on the New York Stock Exchange (NYSE). The company has shown a 29.51% return over the last three years. Oracle’s market capitalization stands at approximately $502.7 billion, classifying it as a large-cap stock
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Recent Performance: Oracle’s fiscal Q2 earnings missed market expectations, with revenue reaching $14.1 billion, reflecting a 9% increase year-over-year. However, this was slightly below analyst projections, causing a decline in share prices in extended trading
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Growth Drivers: Oracle continues to focus on cloud infrastructure and generative AI (GenAI) to drive future growth. Products like Oracle Cloud ERP and MySQL HeatWave are part of its diversified offerings aimed at enterprise clients
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Analyst Insights: Analysts maintain a “Buy” rating for Oracle shares, with a 12-month price target of $176.79, which suggests a potential downside from the current price. However, the company remains strong in sectors like AI and cloud computing
