Oppenheimer believes Oracle’s sharp recent decline has resulted in an attractive risk-reward trade-off for investors. The financial institution upgraded the old tech guard from “Perform” to “Outperform”. Oppenheimer also gave a price target of $185, implying a 27% upside potential. Shares of Oracle are down 13% in the last 12 months and 25% this year alone, creating an attractive entry point, wrote Oppenheimer analyst Brian Schwartz. ORCL 1Y Mountain ORCL 1Y Chart “While our call may be early as it will take time for Oracle, as a more capital-intensive company, to show financial success in future results, we see a favorable risk-reward trade-off after the stock’s valuation metrics have been cut by more than half since September,” he wrote. The analyst called Oracle “superior earnings per share” that should “further improve investor sentiment and trigger greater appreciation in the stock’s value.” In his bull and base case scenarios, he sees Oracle’s earnings per share…
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