Oracle (ORCL) Drops as Analyst Turns Neutral

We recently published 10 Stocks With Massive Losses; AI Stocks Not Spared. Oracle Corp. (NYSE:ORCL) is one of the worst performers on Monday.

Oracle dropped for a second day on Monday, shedding 4.85 percent to finish at $277.18 apiece, as investors took heart from an investment firm’s conservative rating, while repositioning portfolios ahead of its upcoming annual shareholders’ meeting.

In a market note, private banking firm Berenberg maintained its “neutral” rating and $306 price target for Oracle Corp. (NYSE:ORCL), marking a 10.4 percent upside potential from its latest closing price.

Meanwhile, Jefferies gave the company a “buy” recommendation with a price target of $400, or a 44 percent premium over its last closing price.

Jefferies’ coverage reflected Oracle Corp.’s (NYSE:ORCL) new five-year targets, with revenues of $225 billion and $21 in earnings per share, or a 31 percent and 28 percent compounded annual growth rate, respectively.

In other developments, Oracle Corp. (NYSE:ORCL) is set to hold its annual shareholders meeting on November 18, where investors will closely watch out for cues of more partnerships.

While we acknowledge the risk and potential of ORCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ORCL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.