Wall Street sets Oracle stock price target for next 12 months

Oracle (NYSE: ORCL ) stock’s 49.59% price collapse from the early June highs near $250 to $125.09 at press time has, so far, failed to decisively sour the mood of Wall Street analysts, with the most recent note featuring a ‘Buy’ rating. Specifically, Goldman Sachs’ (NYSE: GS ) Gabriela Borges issued a note on Friday, October 23, in which she gave ORCL shares a positive recommendation. Still, the steep decline left a mark as the Wall Street expert, despite staying bullish, decreased the 12-month Oracle stock price from $240 – a 91.86% upside – to $206 – a 63.88% predicted rally.

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