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Share Facebook Twitter LinkedIn Pinterest Email Google News' now to get latest article notification text size Oracle has highlighted its strong growth in AI in its latest results. Justin Sullivan/Getty Images Oracle Shares are taking a beating after the software company disappointed investors with its guidance. Analysts at Global Equities Research, led by Trip Chaudhry, see an opportunity. Oracle’s (ticker: ORCL ) cloud infrastructure revenue jumped 66 percent last quarter, and they say Oracle may be charging customers more per unit text than OpenAI, the maker of blockchain, and buy shares on current weakness. Global Equities Research has a $140 price target on Oracle shares. The stock was down 9.5% in premarket trading on Tuesday at $114.69. While last quarter’s revenue and earnings were in line with expectations, guidance for the upcoming quarter fell short. Guggenheim analysts, led by John Defucci, also said that Oracle’s growth story was still not there after yesterday’s news. They value the stock at $150. However, DA Davidson analyst Gil Luria begs to differ. After the results, their price target was lowered from $115 to $105. Long-term growth drivers are not benefiting the business as expected, Luria wrote. Write to Brian Swint at [email protected]
