This Is What Whales Are Betting On Oracle
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Oracle (NYSE:ORCL), with 61% of recent trades being bearish and 38% bullish. The trades have targeted a price range of $70.0 to $115.0 for Oracle over the last 3 months. The current price of ORCL is down -0.32% at $108.0. Analysts from Berenberg, Evercore ISI Group, Citigroup, UBS, and Mizuho have maintained their ratings on Oracle, with price targets ranging from $110 to $150.
October 06, 2023 | 6:17 pm
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Oracle has seen a significant amount of bearish trading activity, with a price target range of $70.0 to $115.0. Analysts have maintained their ratings, with price targets from $110 to $150.
The bearish trading activity indicates a negative sentiment towards Oracle, which could potentially drive the stock price down in the short term. However, the maintained ratings and price targets from analysts suggest a more positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100