Oracle (ORCL) shares surged over 10% after senior analyst Gil Luria issued a bullish note, pushing the stock closer to its 20-day MA of $172. Despite the increase, ORCL remains down 23% from its yearly high. Oracle is constructing data centers for OpenAI, with reports suggesting OpenAI is raising up to $100 billion, ensuring stability for Oracle. Analyst Luria recommends buying ORCL shares as they are undervalued, presenting a potential upside of over 15%. The consensus rating on Oracle is a “Moderate Buy” with a mean target of $295, indicating a potential 90% rally in the next 12 months.

Read more at Yahoo Finance: Oracle Heads Toward Key Resistance Levels After Analyst Upgrade. Should You Buy ORCL Stock Here?