Wells Fargo Upgrades Oracle Stock: AI Momentum Drives Overweight Rating

Despite Wall Street’s lukewarm reception, Wells Fargo analyst Michael Turrin initiated coverage on Oracle with an ‘overweight’ rating and a $280 price target. This bullish prediction represents a 39% surge from the current stock price. 📈 🧠 While Oracle’s stock has experienced significant fluctuations this year (up 21% but down nearly 29% in the last quarter), Turrin believes the company is poised for growth fueled by AI advancements, citing $500 billion worth of potential deals on the horizon.