Weakness in Oracle stock in 2023 is largely overdone, the firm said.
Evercore ISI thinks it's time to buy Oracle . The firm upgraded the technology stock to outperform from in line and increased its price target to $135 from $131. Evercore ISI's new forecast implies nearly 23% upside from Friday's $109.96 close. Analyst Kirk Materne said Oracle's 13% slide since mid-September presents investors with a strong buying opportunity, while the company will continue to grow its cloud segment.
mountain Oracle stock in 2023 — CNBC's Michael Bloom contributed to this report.
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