Bank of America resets Oracle price target – sees 80% upside

On Tuesday, October 20, Bank of America (NYSE: BAC ) reviewed its outlook for Oracle (NYSE: ORCL ) and seemingly came to the exact same conclusion as in early June – that the stock is set for a major rally. Specifically, BofA analyst Tal Liani published a note rating ORCL shares as a ‘Buy’ and estimating they will soar 80.83% from their press time price of $132.72 to $240 within the next 12 months. Notably, the Wall Street expert first made this forecast early in June when Oracle stock was changing hands at roughly $206 and only started the descent that took it, by press time on October 20, 35.51% lower.

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