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Benzinga
162 days

Oracle Stock Stumbles Into Q3 Earnings: Will Buyers Step In As It Nears Oversold Territory

1. Oracle will report Q3 earnings, expecting $1.49 EPS and $14.39 billion revenue. 2. Stock is down 10.82% YTD but up 29.73% over the past year. 3. Currently, ORCL is in a strongly bearish trend below key moving averages. 4. Analysts see potential 44% upside with a consensus price target of $184.08. 5. Technical indicators suggest oversold conditions may lead to a future rebound.

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FAQ

Why Bullish?

Despite current bearish trends, a potential rally exists due to oversold conditions. Historical data shows rebounds often follow oversold RSI levels.

How important is it?

The upcoming earnings report and analyst targets may significantly affect ORCL stock performance.

Why Short Term?

Immediate earnings report could influence sentiment and short-term price movement.

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