Is Oracle Stock a Buy, Sell or Hold at a P/S Multiple of 8.61X?
Oracle(ORCL) ZACKS·2024-11-28 00:51
While Oracle (ORCL) has been a standout performer with a 52.9% gain over the past six-month period, significantly outpacing both the Zacks Computer and Technology sector and S&P 500's modest growth of 8.1% and 13.1%, respectively, this impressive run-up has pushed valuations to a concerning level.6-Month Price PerformanceImage Source: Zacks Investment ResearchTrading at an elevated price-to-sales multiple of 8.61X compared with the Zacks Computer-Software industry’s 8.02X, the stock appears to have gotten a ...