Wells Fargo sees nearly 50% upside for Oracle as AI pessimism looks overdone
Wells Fargo believes that recent weakness tied to worries over the AI trade have left Oracle undervalued. The bank reiterated its overweight stance on the software stock. Its $280 price target implies upside of 46% from Friday’s close. Shares of Oracle have tumbled 42% from their highs on the year in September. ORCL YTD mountain…