Oracle Stock Selloff Overdone? Analyst Sees 75% Upside Potential
Oracle shares continue their downward spiral, dropping nearly 4% on Wednesday and now trading more than 30% below September's peak. The software giant, once hailed as an AI winner, has seen sentiment sour amid margin concerns and unclear financing details.
Mizuho Securities analyst Siti Panigrahi remains bullish, maintaining a Buy rating with a $400 price target—implying 75% upside. The Optimism stems from Oracle's $455 billion AI server capacity backlog, which tripled last quarter. Despite 14 down days in 19 sessions, 25 of 37 analysts tracked by TipRanks still recommend buying.