Can Oracle stock finally make a comeback? Why an analyst sees a “pure uptrend” here.

Oracle’s shares have been stuck in a downward spiral for months, but the tide may finally be turning for the software and cloud giant.

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ORCL The stock has fallen about 60% since its peak in September – it currently trades at $143 – largely due to concerns about the company’s high-risk relationship with OpenAI and, more recently, from a broader perspective Sell-off in the software sector. “We believe the market has overshot,” DA Davidson analyst Gil Luria wrote in a note Monday.