Understanding Analyst Price Targets for Oracle Stock
A price target is an estimate made by analysts about a stock’s future price, indicating what they believe is the fair value of the security. In the case of Oracle (ORCL) stock, 28 Wall Street analysts have offered their opinions, with the current consensus being a “buy” rating, as per MarketBeat.
The average price target for ORCL over the next 12 months is $118.96, with the highest estimate being $150.00 and the lowest being $85.00. The analysts use several methods, including discounted cash flow analysis, earnings multiples, and peer comparisons, to arrive at a target price for a stock, as explained by Seeking Alpha.
It’s important to note that price targets are not guaranteed and should be approached with caution. They are…
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