Oracle shares are undergoing a significant downturn following the company's disappointing guidance. Despite this setback, analysts at Global Equities Research believe that there is an opportunity for investors. They point out that Oracle's cloud infrastructure revenue surged by 66% in the last quarter, and the company can charge its customers significantly more than its competitor, OpenAI, the maker of ChapGBT, per unit text. Therefore, they recommend purchasing Oracle shares while they are experiencing weakness.
Global Equities Research has set a price target for Oracle shares at $140. Currently, the stock is down 9.5% in premarket trading on Tuesday, priced at $114.69. While earnings and revenue for the last quarter were generally in line with expectations, the guidance for the upcoming quarter fell short.
Fortunately, analysts at Guggenheim, led by John DiFucci, maintain that Oracle's growth story remains intact despite yesterday's news. They have set a price target of $150 for the stock.
However, Gil Luria, an analyst at D.A. Davidson, disagrees with this positive outlook. After reviewing the results, they have lowered their price target from $115 to $105. Luria notes that the long-term drivers of growth are not benefiting Oracle's business as much as anticipated.
In conclusion, while Oracle's disappointing guidance has caused a slump in their shares, some analysts still see potential for growth in the company. The differing opinions among analysts highlight the uncertainty surrounding Oracle's future prospects.
Kenvue Faces Lawsuits Over Tylenol
Related Articles
![Pivotal Clinical Study of Tafenoquine for Hospitalized Babesiosis Patients](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Pivotal Clinical Study of Tafenoquine for Hospitalized Babesiosis Patients
Learn about the planned clinical study of tafenoquine for hospitalized babesiosis patients and its progress towards regulatory approval.
![Keysight Technologies Facing Challenges in Q3](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Keysight Technologies Facing Challenges in Q3
Shares of Keysight Technologies decline as company faces challenges in Electronic Industrial Solutions Group and Asian region. Demand for wafer-test solutions s...
![Coles Group Faces Additional Costs and Delays in Fulfillment Center Construction](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Coles Group Faces Additional Costs and Delays in Fulfillment Center Construction
Coles Group experiences delays and cost increases in the construction of its automated fulfillment centers, resulting in additional expenses and potential impac...