Oracle (NYSE:ORCL) Stock Plunges Post-Earnings Despite Double Beat, Analysts See Buying Opportunity

Font: Financial Modeling Prep  • Jun 11, 2026

• Despite a positive rating from BMO Capital, Oracle (NYSE:ORCL)'s stock price plunged over 10% after its earnings report, closing at $180.89 in after-hours trading.
• The decline occurred even though Oracle reported a double earnings beat, with revenue of $19.18 billion and EPS of $2.03, both exceeding expectations.
• Despite the slump, some Wall Street analysts view the dip as a buying opportunity, supported by Oracle's strong future guidance projecting $90 billion in revenue for fiscal year 2027.

Oracle is a global technology company that provides cloud computing services and enterprise software. It competes with other major tech firms in the cloud space. On June 11, 2026, BMO Capital raises its price target on Oracle to $220 from $200, keeping an Outperform rating on the stock.

Despite this positive rating, Oracle's stock price is falling after its earnings report. The stock plunges more than 10% in after-hours trading to $180.89. This decline follows a 2.18% drop during the main session, where the stock closes at $201.26.

The price drop occurs even though the company reports a double earnings beat. A double beat happens when a company's revenue and its earnings per share (EPS) are both higher than analysts' forecasts. Oracle reports revenue of $19.18 billion and an EPS of $2.03, both above expectations.

As highlighted by Finbold, it is an increasingly common trend for large tech companies to see their stock fall despite a double earnings beat. This can be due to concerns over future capital expenditures or other market factors. Oracle also highlights a large performance obligation backlog of $638 billion.

Despite the stock's slump, some Wall Street analysts see a buying opportunity, as highlighted by Barrons. This view is supported by Oracle's strong future guidance. The company projects its revenue for the 2027 fiscal year to reach $90 billion, which is ahead of current analyst predictions.