JPMorgan: Oracle Stock Price Is Overly Discounted
BlockBeats News, March 6th, JufuRay analyst wrote in a report that investors are overlooking the upside potential of Oracle (ORCL.N). The analyst stated that despite Oracle's core software business maintaining high profitability and the resilient optimism in artificial intelligence, the company's stock price has dropped by about 36% from its September peak. In addition, according to sources familiar with the matter, due to cost increases resulting from AI data center expansion, this cloud computing provider plans to lay off thousands of employees across various departments. Oracle's stock price rose 1% in pre-market trading. (FX678)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NZD/USD Price Forecast: Bears gain momentum to test 19-month lows at 0.5527
BUZZ-Palo Alto Networks shares rise as KeyBanc upgrades rating
Chart - U.S. stock funds attract inflows for the second consecutive week
BUZZ - Liftoff Mobile surges as Q4 revenue forecast exceeds expectations
Crypto prices
More
