Oracle (ORCL) stock has tumbled 36% in a year, but Jefferies sees it nearly doubling to $290 despite cutting its target.

It was nearly 12 months ago that Oracle stock surged a record 36% on AI optimism. The company has had a rough run since then.

Oracle reported earnings per share (EPS) of $2.26, handily beating Wall Street's target of $1.64. The earnings beat was overshadowed by Oracle's revenue miss, delivering $16.06 billion when $16.21 ...

Oracle’s stock fell more than 12% on Thursday on growing fears about the software giant’s massive AI spending — shaving more than $30 billion off co-founder Larry Ellison’s fortune. The Texas-based ...