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Wells Fargo sees nearly 50% upside for Oracle as AI pessimism looks overdone
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Wells Fargo sees nearly 50% upside for Oracle as AI pessimism looks overdone

1 min read

Shares of Oracle have tumbled 42% from their highs of the year, but Wells Fargo sees them climbing 46% from here.

Wells Fargo believes that recent weakness tied to worries over the AI trade have left Oracle undervalued. The bank reiterated its overweight stance on the software stock. Its $280 price target implies upside of 46% from Friday's close. Shares of Orac... [1355 chars]

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Source: CNBC

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