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Oracle's stock soared 129% as major investors adjusted stakes, with company revenue up 6.4% to $14.13B.
Institutional investors like Peninsula Wealth LLC and Belpointe Asset Management LLC have adjusted their stakes in Oracle Corp. (NYSE: ORCL), with Peninsula owning 383,800 shares, making Oracle its third-largest holding.
Oracle's stock price surged by 129% in the fourth quarter, and the company reported a 6.4% revenue increase to $14.13 billion.
Analysts predict a 5 EPS for the current year.
Oracle’s consensus rating is "Moderate Buy" with a target price of $178.65.
The company offers various cloud software applications for enterprise IT environments.
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Las acciones de Oracle se elevaron un 129% a medida que los principales inversores ajustaban las acciones, con ingresos de la compañía de 6,4% a $14.13B.