Oracle Stock Is Moving Higher Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Oracle Corp (NYSE:ORCL) shares are trading higher after Wolfe Research upgraded the stock ahead of the company's quarterly results. Multiple analysts also raised price targets at the end of last week. Oracle is set to report financial results after the bell, with earnings of $1.58 per share on quarterly revenue of $13.73 billion expected.
June 12, 2023 | 1:32 pm
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Oracle's stock is trading higher after Wolfe Research upgraded the stock and multiple analysts raised price targets ahead of the company's quarterly results.
Oracle's stock is trading higher due to the positive sentiment from Wolfe Research's upgrade and multiple analysts raising their price targets. This indicates increased confidence in the company's performance ahead of its quarterly results, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100