oracle shutter

acf/google-ad-placement

Oracle Corporation ORCL shares are on watch Monday ahead of the company&#8217;s first-quarter earnings set to be released <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40772573/ai-deals-drive-oracle-momentum-will-q1-earnings-keep-stock-in-fast-lane">after the closing bell.</a>



The Details:



Investors will be watching Oracle's cloud service revenue amid growing AI demand and previously announced deals with OpenAI and Google. Analysts expect the company to report quarterly earnings of $1.32 per share on revenue of $13.23 billion, according to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.&nbsp;



Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40754522/whats-going-on-with-coinbase-stock-today">What&#8217;s Going On With Coinbase Stock Today?</a>



According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Oracle stock has gained over 20% in the last 12 months and is trading above its 50-day moving average of $138.64. Investors can gain exposure to the stock via Pacer Funds Pacer Data And Digital Revolution ETF TRFK and IShares Expanded Tech-Software Sector ETF IGV.



<h3 class="wp-block-heading">ORCL Stock Prediction 2024: </h3>



When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.



When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.



Oracle's revenue has grown at an average rate of 7.12% annually over the past 5 years. The average 1-year price target from analysts is $149.74, representing an expected 5.81% upside in 2025.



While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Oracle have seen an annualized return of 18.35%, outperforming the S&amp;P500 index by 11.98%. This compares to 17.63% growth in the overall Information Technology sector. Oracle has a beta of 1.15.



ORCL Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Oracle shares are down 0.47% at $142.47 at the time of publication Monday.



Read Also:



<ul>
<li><a href="https://www.benzinga.com/news/24/09/40753645/roaring-kitty-posts-again-whats-going-on-with-gamestop-amc-chewy-stocks">Roaring Kitty Posts Again: What&#8217;s Going On With GameStop, AMC, Chewy Stocks?</a></li>
</ul>



Image: Shutterstock

News

Movers

Oracle shares are trading higher Monday. The company is set to report its first-quarter financial results after the closing bell. Here's what to know heading into the print:

What's Going On With Oracle Stock? - Oracle (NYSE:ORCL)

Erica Kollmann

Pacer Funds Pacer Data and Digital Revolution ETF

iShares Expanded Tech-Software Sector ETF

Oracle

Oracle shares are trading higher Monday.  The company is set to report its first-quarter financial results after the closing bell. Here's what to know heading into the print: