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Oracle Corp.’s stock can reclaim its highs and then post even bigger gains from there, according to a Jefferies analyst.
Jefferies’ Brent Thill is sticking with his $400 price target on Oracle shares
ORCL, even as they’ve been dragged well out of record territory on concerns about the company’s debt load and its heavy reliance on OpenAI to drive growth. The stock is down more than 30% from a closing high of $328.33 achieved in October, but Thill’s target implies nearly 80% upside from Friday’s close of $222.85.
This post was originally published on Market Watch
