“Is Oracle an No-Brainer Buy After the Spectacular Investor Update? | ORCL Stock Analysis”
Reiterates buy rating on ORCL with low conviction; stock is fairly valued but speaker is slightly more bullish post-results.
Oracle just reported quarterly financial results and the stock is up over 3% in the after market hours. The company reported an additional $30 billion in backlog just from 3 months earlier and it's RPO, remaining performance obligations, have soared to $664 billion.
But does all of this make Oracle stock a buying still? Remember I've had the stock ranked as a buy, so I'm happy to see the share price increasing. But let me share with you these latest results and let me share with you my updated estimates for fair value and update you on my ranking for buy, hold, or sell for Oracle stock following these results.