Trading Strategies For Oracle Stock Before And After Q4 Earnings
Portfolio Pulse from Melanie Schaffer
Oracle Corporation (NYSE:ORCL) gapped up about 4% on Monday and is set to report its Q4 financial results after the market close. Analysts expect EPS of $1.58 on revenues of $13.73 billion. Evercore ISI Group and Wolf Research analysts raised their price targets for Oracle to $110 and $130, respectively.
June 12, 2023 | 7:17 pm
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Oracle's stock price gapped up 4% ahead of Q4 earnings, with analysts expecting EPS of $1.58 on revenues of $13.73 billion. Price targets have been raised by Evercore ISI Group and Wolf Research.
Oracle's stock price gapped up 4% ahead of its Q4 earnings report, indicating positive investor sentiment. Analysts have raised their price targets, which could lead to increased buying pressure and a short-term positive impact on the stock price. However, the stock's technical indicators suggest it may be overbought, and a pullback could occur after the earnings release.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100