Why Oracle Stock Jumped 21% in September
Shares of Oracle (NYSE: ORCL), the legacy tech giant best known for its database software, were climbing again last month as it impressed investors with its latest earnings report. The results showed that it's seeing soaring demand for its cloud infrastructure services as the artificial intelligence (AI) boom continues to ramp up.
According to data from S&P Global Market Intelligence, the stock was up 21% as a result. As you can see from the chart below, the stock jumped on its Sept. 9 earnings report and continued to rally from there.
Source Fool.com
Oracle Corp. Stock
€155.58
2.950%
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 158 € there is a slightly positive potential of 1.56% for Oracle Corp. compared to the current price of 155.58 €.
