Oracle just received a much-needed vote of confidence from these experts

• Analysts at Bank of America resumed coverage of Oracle on Tuesday with a “buy” rating, expecting the stock to rebound from its recent slump.

• Analysts suggested that now would be a good time to buy shares at a discount, given strong AI demand due to lower expectations for Oracle.

Oracle stock just gained a new vote of confidence from Wall Street, and it could really use it.

Analysts at Bank of America have resumed coverage of Oracle (ORCL) with a “buy” rating and a $200 price target on Tuesday, suggesting that lower expectations for Oracle amid strong AI demand could be a good time to buy shares at a discount.

Oracle shares recently fell about 4% broader market decline. Still, the stock is down more than 50% from its September highs solid quarterly resultsamid worries about its dependence on a few large customers and its debt load as the cloud computing giant finances a massive expansion of its data center.

Bank of…