By Aaron McDade

Oracle shares have pulled back recently amid worries about an AI bubble. Justin Sullivan / Getty Images

Oracle (ORCL) is set to report its latest quarterly results after the market closes on Wednesday, with traders expecting a big move in the tech giant's stock following the report.

Options pricing suggests traders anticipate the stock could swing nearly 10% in either direction by the end of the week. A move of that size from Monday's close could bring the stock to a new record above $240 at the high end, or drag it down to $199 at the low end, where it was late last month.

Oracle's stock hit a record high following the database giant's last quarterly report in September, impressing investors with a record backlog on booming AI demand. The stock has pulled back in recent months, however, amid worries about an AI bubble, with Oracle's moves to take on new debt and its reliance on a few big customers adding to concerns.

Bullish analysts at Citi suggested ahead of Wednesday's report that they view worries about Oracle's debt health and recent sell-off as overdone, though they'll be watching closely for more clarity from Oracle on its plans, along with evidence that AI-driven demand for its offerings is broad-based.2

Oracle is seen reporting adjusted earnings per share of $1.65 on a 15% year-over-year jump in revenue to $16.18 billion for the fiscal second quarter, according to estimates compiled by Visible Alpha.

READ: HP Joins Big Tech Companies Laying Off Workers Amid AI Push

Among the 12 analysts with current ratings tracked by Visible Alpha, eight consider Oracle's stock a "buy," compared to three neutral ratings, and one call to sell. Their mean target around $317 would suggest over 40% upside. The stock has added about a third of its value in 2025 through Monday's close.

Source: Investopedia