Traders Expect Oracle Stock to Move Up to 11% After Earnings Report
Oracle is set to report earnings, with traders anticipating a potential stock movement of up to 11% by the end of the week. The company's shares have lost nearly 20% in value this year and over half from their record high last September due to concerns about its fundraising strategies, spending plans, and reliance on AI companies for backlog growth. Analysts expect Oracle to report a significant revenue increase with fiscal first-quarter revenue projected at $19.06 billion—a 28% rise compared to the prior year—and adjusted earnings per share of $1.74. Despite these expectations, analysts caution that it may take more than strong results for Oracle to regain investor confidence amid concerns about an AI bubble. Most Wall Street analysts remain optimistic on Oracle's stock, with nine out of 11 tracked by Visible Alpha rating the stock as a 'buy.' The average price target is $239, implying nearly 50% upside from recent levels.
Tickers: $ORCL
Topics: Earnings Report Options Pricing Oracle Stock Movement