The price target for Oracle (ORCL) is a forecasted price at which the stock is expected to reach in the near future. Here's a summary of the current price target information for Oracle:
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Average Price Target: The average price target for Oracle as of June 11, 2024, is $93.831. This is the consensus rating among analysts, indicating the price at which they believe the stock will trade on average over the next 12 months.
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Analyst Forecasts: Analysts have provided a range of price targets for Oracle. The high forecast is $160.00, while the low forecast is $105.002. These figures represent significant potential upside or downside from the current price.
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Recent Price Targets: Short-term price targets offered by 24 analysts on May 14, 2024, averaged at $136.39, with a high of $160.00 and a low of $105.003. This suggests a potential increase of 17.2% from the last closing price of $116.37.
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Brokerage Recommendations: The average brokerage recommendation (ABR) for Oracle is 1.80 on a scale of 1 to 5, indicating a strong buy sentiment3. This is based on the actual recommendations made by 30 brokerage firms, with 18 of them being strong buy recommendations.
In conclusion, the price target for Oracle is influenced by analyst forecasts and brokerage recommendations, which can vary significantly. The average price target suggests a positive outlook, but it's important to consider the range of potential outcomes based on the high and low targets. Investors should also take into account other factors such as market conditions and company performance when making investment decisions.
6/12/2024 03:44pm
