Jefferies: Oracle's stock price is excessively undervalued

GateNews

2026-03-06 10:54:23

BlockBeats News, March 6 — J.P. Morgan analysts wrote in a report that investors are overlooking the upside potential of Oracle (ORCL.N). The analysts stated that although Oracle’s core software business remains highly profitable and the optimism around artificial intelligence shows resilience, the company’s stock has fallen about 36% from its September peak. Additionally, according to sources familiar with the matter, the cloud service provider plans to lay off thousands of employees across departments due to rising costs from AI data center expansion. Oracle’s stock rose 1% in pre-market trading. (Jin10)

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