Analysts say even the bear market is bullish for Oracle stock. Should you secure the truck on ORCL?

oracle (ORCL) With the stock price falling, investors probably didn’t have a happy Thanksgiving. The stocks are in the red The value rose more than 26% last month as the technology company suffered from growing market concerns about artificial intelligence spending and an overall decline in AI stocks.

But not everything is lost. Both Deutsche Bank and HSBC analysts expressed bullish views on Oracle just before the holiday, suggesting the company’s weakness could be short-lived. HSBC reiterated its Buy rating and $382 price target, citing remaining performance obligations of more than $500 billion. And Deutsche Bank analyst Brad Zelnick wrote that Oracle “receives little to no credit for its OpenAI business.”

The optimistic commentary helped Oracle shares soar on Wednesday. Now it remains to be seen whether the company can maintain this momentum and recover its recent losses.

About Oracle Stock

Oracle is an Austin,…