Orcale Stock Upgraded on AI Tailwinds

Today's premarket pop could put the equity near its recent all-time high

Deputy Editor
Sep 5, 2023 at 9:23 AM
facebook X logo linkedin


Oracle Corp (NYSE:ORCL) is up 2.1% before the bell, after Barclays upgraded the software stock to "overweight" from "equal weight. Like another Wall Street firm said, Barclays believe Oracle could see tailwinds from the artificial intelligence (AI) boom. 

The analyst also hiked its price target to $150 from $126, the former a 24% upside to Friday's close. While 10 covering brokerages rate ORCL a "strong buy," 13 say "hold," leaving room for additional bull notes to roll in.   

Already boasting a 48% lead in 2023, Oracle stock is up nearly 61% year over year as investors have taken an increased interest in AI-adjacent equities. Today's premarket lead has the shares on track to topple the $123 level for the first time since mid-June, putting them within a chip-shot of their June 15 record peak of $127.54

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI