Based on positive results and more than expected the stock price of ORCL has spiked.. Do you think it will reach 60$ soon or will go down in few weeks ?
3 replies (most recent on top)
Well, let’s see, how much is a company that had no revenue growth worth? If there is no change of significant revenue declines it should trade like a bond. If there is indeed a chance of revenue declines, and I would submit this risk is significant in Oracle’s case, it’s share price should decline. That, of course, assumes a stable share count, ie no share buybacks. So, in Oracle’s case, the only question is how many shares will they buy back? Last Fy which just ended, they bought back $36 Billion worth of shares. So, yeah, if they buy back enough shares it could go up to $70, but note - no change in market capitalization!
70 by the end of the year?
What are you smoking?
70 eoy target
You are at a wrong board, bears only here, so on thelayoff youwill get end of the world scenarios only