AI Deals Drive Oracle Momentum: Will Q1 Earnings Keep Stock In Fast Lane?
Portfolio Pulse from Surbhi Jain
Oracle Corp (NYSE:ORCL) is expected to report Q1 earnings with $1.32 EPS and $13.23 billion in revenues. Despite weaker earnings last quarter, AI deals with OpenAI and Google have boosted confidence. The stock shows strong bullish momentum, trading above key moving averages, with a consensus analyst rating of 'Buy' and a price target of $145.15.
September 09, 2024 | 12:53 pm
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Oracle is expected to report Q1 earnings with $1.32 EPS and $13.23 billion in revenues. The stock shows strong bullish momentum, trading above key moving averages. AI deals with OpenAI and Google have boosted confidence despite weaker earnings last quarter. Analysts rate it a 'Buy' with a price target of $145.15.
Oracle's strong bullish momentum, supported by AI deals and positive analyst ratings, suggests a likely short-term price increase. The stock is trading above key moving averages, indicating continued upward strength. Analysts' 'Buy' rating and price target imply further upside potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100