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Some traders bet that Oracle shares will reach a High 2025 in the days after Wednesday’s winning report.
Software company Oracle (Orcl) is planned to report the profit of the fourth quarter after the bell on Wednesday in the fourth quarter, and traders see potential for the share to touch the results.
Oracle shares are expected to move around 7.2% in both directions by the end of the week, according to the price determination data of options. That would be shares in around $ 190, their highest price this year and only 1% shy of a record, or about $ 164, which would erase the profit of the share so far this month.
Oracle Stock has risen steadily in recent weeks because investors have embraced the AI trade in the midst of decreasing economic uncertainty. Shares have risen by around 45% since he reaches a low to the present mid -April, and about 7% since the beginning of the year.
Oracle shares have risen 8.6% on average on the day after the four most recent profit reports. Oracle has missed the turnover and adapted profit estimates in each of the last two reports, which means that shares fall by 3.1% after the win in March and 6.7% in December. Shares jumped double digits in the two previous quarters after announcing cloud computing deals with Amazon (Amzn), Microsoft (MSFT), OpenAi and Alphabet’s (Googl) Google.
Wall Street is divided over the prospects for Oracle Stock. Of the 13 Oracle analysts followed by visible Alfa, 6 advise 6 to buy the stock and 7 have assigned a “hold” rating. The average price target of $ 174.42 is approximately 2% below the closing price of the share on Tuesday.
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