Analysts Say Even the Bear Case for Oracle Stock Is Bullish. Should You Back Up the Truck on ORCL?

Oracle (ORCL) investors likely didn’t have a happy Thanksgiving, given the falling stock price. Shares are down more than 26% in the last month as the tech company suffered through the market’s growing concern about artificial intelligence spending and an overall pullback in AI stocks.

But not all is lost. Analysts at Deutsche Bank and HSBC both issued bullish notes about Oracle just before the holiday, indicating that the company’s weakness could be short-lived. HSBC reiterated its “Buy” rating and $382 price target, noting its remaining performance obligations of more than $500 billion. And Deutsche Bank analyst Brad Zelnick wrote that Oracle is “getting little if any credit for its business with OpenAI.”