This Dividend Stock Ranks Among the Most Overbought on Wall Street

Oracle Corporation (NYSE:ORCL) is one of Best Dividend Stocks to Buy for Dependable Dividend Growth.

According to a report by CNBC, ORCL was the most overbought stock in the S&P index last week, with an RSI of 90.4. The software company’s shares jumped nearly 8% on June 13, hitting a record high and building on June 12’s 13% surge.

A team of IT professionals meticulously crafting a large-scale enterprise performance management system.

Over the entire week, Oracle Corporation (NYSE:ORCL) stock climbed over 17%. Analysts surveyed by LSEG have an average price target of about $205, suggesting nearly 5% downside from the June 13 closing price, though many of these targets may increase following the company’s recent earnings report.

Most of the week’s gains came after Oracle Corporation (NYSE:ORCL)’s fiscal fourth-quarter results exceeded Wall Street expectations. CEO Safra Catz noted that cloud infrastructure revenue is projected to grow more than 70% in fiscal 2026, adding that the fiscal year “will be even better as our revenue growth rates will be dramatically higher.”

Oracle Corporation (NYSE:ORCL)’s dividend is also grabbing investors’ attention. The company has never missed a dividend since 2009 and has raised its payouts at an annual average rate of over 12% in the past five years. Currently, it pays a quarterly dividend of $0.50 per share and has a dividend yield of 0.96%, as of June 17.

Oracle Corporation (NYSE:ORCL) is a global tech company that specializes in cloud-based applications and infrastructure, building on its long-standing expertise in database management systems.

While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure. None.