Oracle: Shares A Hold Even As Upside Potential Exists
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Justin Purohit2.46K FollowersFollow5ShareSavePlay(9min)CommentsSummaryOracle is seeing much-needed share price recovery following an analyst upgrade.The stock has declined nearly 40% over the last six months, including a 20% decline YTD.Shares have been punished alongside other tech names as investors reconsider the impact of AI on individual business lines.While I view upside potential in the stock, I believe investors could benefit from a more selective approach. Mesut Dogan/iStock Editorial via Getty Images Shares in Oracle (ORCL) received a much-needed bounce at the start of the new trading week on Monday following a brutal start to February for the overall tech sphere. A Wall Street upgradeThis article was written byJustin Purohit2.46K FollowersFollowProviding timely and quick to the punch analysis of earnings and macro-related events across various sectors, with a focus on retail and real estate. I am a licensed CPA.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.