Corvex Management has taken a new position in Oracle with 99,500 shares. Wall Street analysts have diverse price targets for Oracle, ranging from $175 to $325, with a consensus of $245.56, representing a 0.25% upside. GuruFocus estimates a GF Value of $154.72, suggesting a potential 36.84% downside. Investors should consider these forecasts as part of their investment strategy.
Corvex Management has recently taken a new position in Oracle, acquiring 99,500 shares. The move follows a strategic shift in the activist investor's portfolio, as disclosed in its latest 13F filing. This new investment comes after Corvex boosted its holdings in Amazon and exited chipmaker Taiwan Semiconductor Manufacturing Company.
Wall Street analysts have provided a range of price targets for Oracle, with estimates spanning from $175 to $325. The consensus price target stands at $245.56, indicating a 0.25% upside from the current market price. This suggests that analysts see Oracle's stock as undervalued, with a potential for modest appreciation.
GuruFocus, on the other hand, has estimated a GF Value of $154.72 for Oracle, which implies a potential 36.84% downside from the current price. This valuation suggests that Oracle's stock might be overvalued compared to its intrinsic worth.
Investors should consider these forecasts as part of their investment strategy. While the consensus price target suggests a potential for modest gains, the GF Value indicates a significant downside risk. It is essential to weigh these factors against other investment criteria and market conditions.
References:
[1] https://www.gurufocus.com/news/3056537/oracle-commodity-holding-secures-2-fluorspar-royalty-in-usa-from-cleantech-vanadium-ctvff-stock-news
[2] https://www.ainvest.com/news/consensus-cloud-solutions-ccsi-buy-strategic-transformation-ai-driven-healthcare-growth-2508/
[3] https://seekingalpha.com/news/4485717-corvex-management-starts-new-position-in-oracle-piled-up-on-amazon-in-q2-moves
Comments
No comments yet