Concerns about a potential US ban of TikTok by ByteDance briefly impacted Oracle shares last month, but the stock has since recovered. Analysts believe that even if a ban were to occur, it would not significantly impact Oracle’s revenue. Oracle’s focus on cloud infrastructure services related to generative AI is expected to offset any negative effects of a TikTok ban. The company has formed partnerships with major players in the AI space, such as Palantir Technologies and Alphabet’s Google Cloud Unit, positioning itself for further growth. Oracle stock is predicted to potentially increase by 25% within a year, reaching around $180 per share by next summer. Despite a recent slight decline in earnings, Oracle’s management anticipates strong results in the coming quarters, with earnings per share forecasted to reach $7.21 by 2026. Investors may consider buying Oracle stock before the next significant breakout, either at current prices or during potential pullbacks.
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https://investorplace.com/2024/07/why-oracle-stock-could-surge-25-by-2025/
