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If the U.S. government bans TikTok, it could be a major blow to Oracle.
Shares of Oracle (NYSE: ORCL) are on the move today. The firm's stock is up 5.7% as of 1 p.m. ET. The leg up comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) gained ...
U.S. President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app's future in the next 30 days.
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.
(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.
Oracle Corp. is the apparent winner in the TikTok bidding war, after Microsoft announced that its offer to acquire the popular video-sharing app had been rejected. There’s just one week till the ...
Looking ahead, the average analyst price target of $55 implies a modest 1.9% upside potential to the current share price.Related News: Microsoft Confirms TikTok Purchase Talks Back On Table After ...
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 ...