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If the U.S. government bans TikTok, it could be a major blow to Oracle.
(See ORCL stock analysis on TipRanks).On September 11, Barclays analyst Raimo Lenschow raised Oracle stock’s price target to $59 (3.5% upside potential) from $52 and reiterated a Hold rating.
Under the threat of TikTok’s shutdown in the U.S., ByteDance inked a tentative deal with Oracle and Walmart, which under the proposed terms would acquire a combined 20% stake in TikTok.
A deal that would give Oracle and Walmart ownership stakes in TikTok is up in the air — and may not happen at all, as the Biden administration reviews Trump’s actions and policies against ...
Oracle (NYSE: ORCL) stock is sinking in Tuesday's trading following the company's recent quarterly report. The tech giant's share price was down 6.8% as of 10:45 a.m. ET. After the market closed ...
Oracle (ORCL) and Walmart have issued a joint statement confirming their plans to snap up a minority stake in TikTok's U.S. business. Oracle will acquire a 12.5% stake in TikTok Global, while ...
Oracle (NYSE: ORCL) share prices have had a strong year on the back of renewed interest due to strength in its cloud infrastructure business. However, the stock was falling following its fiscal ...
(See ORCL stock analysis on TipRanks).Overall, Wall Street analysts are cautiously optimistic on the stock split between 7 Buys, 11 Holds and 1 Sell, which gives the stock a Moderate Buy consensus.