Oracle Stock Slips 2% Premarket; BofA Raises Target to $240, Sees 20% Upside on AI Demand

According to Bank of America Securities, Oracle Corp. stock slipped 2% in premarket trading on Wednesday (June 10) ahead of Q4 earnings, with the brokerage raising its price target to $240 from $200, implying 20% upside from the current $205.81 level. BofA maintained a 'Buy' rating, citing accelerating AI and cloud demand and Oracle's $50 billion in debt and equity raises. Wall Street expects Oracle to report Q4 revenue of $19.19 billion, up 20% year-over-year, and adjusted EPS of $1.96, up 15%.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments