<2>Oracle’s Selloff Offers a Chance to Buy an ‘Upper-Echelon’ Growth Stock for Cheap, Analyst Says
<3>The Analyst’s Take
<4>Oppenheimer analyst Bloomberg Scott Berg has turned bullish on Oracle’s stock after a selloff that has wiped away more than half the company’s value since its September peak.
<3>Why the Selloff?
<4>The selloff in Oracle’s stock has been driven by a combination of factors, including concerns over the company’s cloud computing business and the impact of the US-China trade tensions on its revenue.
<3>The Analyst’s Call
<4>However, Berg believes that the selloff has created a buying opportunity for investors, saying that Oracle’s stock is now trading at a discount to its peers.
<3>The Growth Potential
<4>Berg notes that Oracle has a history of delivering strong growth and has a number of initiatives underway to drive further expansion, including its cloud computing business and its partnership with Microsoft.
<3>The Valuation
<4>According to Berg