Tech Stocks Rebound with Oracle Shares Jumping 6% Amid AI Trade Recovery
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Tech Stock Recovery: Technology stocks rebounded at the end of last week, propelling the S&P 500 and Nasdaq to close in the green, with Oracle shares jumping over 6% after being named a managing investor for TikTok's U.S. joint venture, indicating renewed confidence in the AI trade.
- AI Sector Movement: Major AI players like Nvidia and AMD also saw gains last week, further bolstering investor sentiment towards tech stocks, despite the Dow's decline due to Nike's weak sales in China, highlighting a divergence in market performance.
- Social Media Risks: Executives are learning the dual-edged nature of social media, as active usage can enhance personal branding and company visibility, yet missteps can lead to negative repercussions, underscoring the need for caution in the digital age.
- Health Product Trend: With rising consumer interest in wellness, supplements are gaining traction this holiday shopping season, prompting retailers to allocate more shelf space to this category, reflecting a growing demand for health-oriented products.
ORCL
$194.85+Infinity%1D
Analyst Views on ORCL
Wall Street analysts forecast ORCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ORCL is 352.52 USD with a low forecast of 175.00 USD and a high forecast of 415.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
37 Analyst Rating
25 Buy
11 Hold
1 Sell
Moderate Buy
Current: 191.970
Low
175.00
Averages
352.52
High
415.00
Current: 191.970
Low
175.00
Averages
352.52
High
415.00
About ORCL
Oracle Corporation offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. The Company operates through three businesses: cloud and license, hardware and service. Its cloud and license business is engaged in the sale, marketing and delivery of its enterprise applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings, and its cloud license and on-premise license offerings. Its hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments. Its services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
