Oracle Stock Is Rising Today: What's Going On?
Oracle Corp (NYSE:ORCL) shares are climbing Wednesday. Citigroup argued the stock could more than double from current levels, pointing to a reset in investor expectations following a sharp summer selloff. Here's what you should know.
Oracle's stock price went up today because a big bank thinks people were too scared about it over the summer, and the company might be worth a lot more than people currently think. When experts change their minds about a company being undervalued—meaning too cheap—it sometimes shows that the market mood is shifting.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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