Is Oracle Stock a Good Buy While It's Trading Below $150?
The tech stock is down around 55% from its 52-week high.
Overview
Oracle (NYSE:ORCL) is a stock that I knew would have tremendous potential due to artificial intelligence (AI), as demand for its databases would be significant. More computing is being done in the cloud, and Oracle’s business should stand to benefit significantly from these opportunities.
While the stock soared 58% in 2024 and would continue rising the following year, it's been a much different story this year. It's down 26%, and trading at well under $150 -- nowhere near its 52-week high of more than $322.
Details
Could now be a good time to buy the stock, or is Oracle still likely heading lower?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.