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 84% of the spotted trades being bearish. The whales have been targeting a price range from $95.0 to $120.0 for Oracle over the last 3 months. The current price of ORCL is $102.05, up 0.2%. Analysts from Morgan Stanley, BMO Capital, and Evercore ISI Group have maintained their ratings on Oracle with price targets of $107, $130, and $135 respectively.
October 23, 2023 | 2:16 pm
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Oracle has seen a bearish stance from a significant investor, with a targeted price range of $95-$120. Analysts have maintained their ratings with price targets of $107-$135. The current price is $102.05, up 0.2%.
The bearish stance from a significant investor, along with the majority of spotted trades being bearish, indicates a potential downward pressure on Oracle's stock price. However, the maintained ratings from analysts with higher price targets suggest a potential upward movement. The current price is slightly up, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100