Jefferies: Oracle's stock price is excessively undervalued

Mars Finance News, on March 6th, Jefferies analysts wrote in a report that investors are overlooking the upside potential of Oracle (ORCL.N). The analysts stated that despite Oracle’s core software business remaining highly profitable and the optimism around artificial intelligence showing resilience, the company’s stock has fallen about 36% from its September peak. Additionally, according to sources familiar with the matter, the cloud computing provider plans to lay off thousands of employees across departments due to rising costs driven by AI data center expansion. Oracle’s stock rose 1% in pre-market trading. (Jin10)

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