Analysts Are Still Betting That Oracle Stock Can Gain 150% Over the Next 12 Months. Should You Buy ORCL Here?

Oracle (ORCL) stock is on track to close about 7% higher on March 11 after the legacy tech name said artificial intelligence (AI) tailwinds helped it come in handily above Street estimates in its Q3. The company ended the third quarter with an exciting $553 billion in remaining performance obligations (RPOs), offering exceptional visibility into future revenue. 

And while the stock failed to breach a key resistance, coinciding with its 50-day moving average (MA), Wall Street analysts remain convinced that it will more than double from here over the next 12 months.