Shares of Oracle are up 21% this year, but they've fallen nearly 29% in the fourth quarter as investors worry the company can sustain its sky high valuations.
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Shares of Oracle have tumbled 42% from their highs of the year, but Wells Fargo sees them climbing 46% from here.
For the most part, Wall Street analysts stood by their bullish stances on Oracle following an earnings beat.
The investment firm initiated coverage of the tech giant with an outperform rating.
The broader AI trade is back in the hot seat because of Oracle. It shouldn't be.
Oracle's upcoming AI World event, which takes place in Oct. 13 and Oct. 16, could serve as a catalyst for the stock.
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