On 3/12/24, Oracle Corp (NYSE: ORCL) stock enjoyed a major increase of 11.7%, closing at $127.54. Moreover, exceptionally high trading volume at 551% of normal accompanied the advance. The stock has risen 11.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
ORCL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Oracle has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Oracle has a very high Appreciation Score of 97 but a neutral Power Rating of 47, and the Highest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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